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Analyzing and interpreting lease footnote disclosures. The GAP, Inc., discloses the following schedule to its 203 10K report relating to its leasing activities. Fiscal year

Analyzing and interpreting lease footnote disclosures. The GAP, Inc., discloses the following schedule to its 203 10K report relating to its leasing activities. Fiscal year ($Millions) 2013: $1093 2014:$ 1069 2015: $ 942 2016: $753 2017: $ 584 thereafter: $ 1709 Total: $ 6132 A.) compute the present value of GAP's operating leases using a 6% discount rate and round the remaining lease term to the nearest whole year. B.) what types of adjustments might we consider to GAP's balance sheet and income statment for analysis purposes?

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