8 The terms and assumptions of a lease properly classified as a finance lease are as follows: Lease term: four years Commencement date and date of the first rental payment: January 1, 20X1 Annual rental payment: $11,000 Lessee's incremental borrowing rate: 12% Lessor's implicit rate: not readily determinable Present value factor, ordinary annuity at 12% for four years: 3.0374 Present value factor, annuity due at 12% for four years: 3.4018 Calculate the amount that should be recorded for the ROU asset and the lease obligation at the beginning of the lease term. (Round to the nearest dollar.) A $33,411 and $33,411 B $36,449 and $25,449 C $37,420 and $26,420 D $40,822 and $40,822