A1 3 Page Layout Formulas Calibri v 14 BBY B C Xfx QUESTION 6: Lease presentation (5 D E QUESTION 6: Lease presentation (5 marks) GH Marathon Leasing Co. leases equipment to Treadmill Fun Ltd. under a 5-year term. The correct amortization schedule follows for the first four lease payments: Date 6 9495 Lease payment Principal Interest Balance reduction Jan. 1/21 $ 305,000 P1 Jan. 1/21 $ 55,096 $ $ 55,096 194,904 P2 Jan. 1/22 55,096 9 P3 Jan. 1/23 55,096 15,592 12,432 39,504 155,400 42,664 112,736 10 P4 Jan. 1/24 55,096 9,019 46,077 66,659 11 As the lessee, Treadmill Fun Ltd. drafted the following LIABILITY presentation on its Statement of 12 Financial Position at December 31, 2022 13 23356 14 Non-Current Liability 15 Lease liability 16 17 18 19 20 21 22 12 $ 155,400 REQUIRED: Prepare the correct lease presentation, with appropriate classification, to be presented on Treadmill Fun Ltd.'s Statement of Financial Position at December 31, 2022. Select n/a if the row is not needed. Classification Account name Amount END OF QUESTION 6 Cover Sheet Q1 Q2 Q3 Q4 Q5 Q6 Q7 Calculation Mode: Automatic Workbook Statistics