Annual Lease Payment/Receipt Interest (11%) on Unpaid Liability/Receivable Reduction of Lease Liability/Receivable Date 10/01/20 10/01/20 10/01/21 10/01/22 10/01/23 10/01/24 10/01/25 $68,400 68,400 68,400 68,400 68,400 68,400 $410,400 Balance of Lease Liability/Receivable $321,200 252,800 212,208 167,151 117,138 61,623 $68,400 40,592 45,057 50,013 55,515 61,623 $321,200 $27,808 23,343 18,387 12,885 6,777 $89,200 -0- Assuming the lessor's accounting period ends on September 30, answer the following questions with respect to this lease agreement. (Round answers to O decimal places e.g. 58,971.) (1) What items and amounts will appear on the lessor's income statement for the year ending September 30, 2021? $ 27,808 Interest Revenue Assuming the lessor's accounting period ends on September 30, answer the following questions with respect to this lease agreement. (Round answers to decimal placeses 58,971) (1) What items and amounts will appear on the lessor's income statement for the year endine September 30, 2021? $ 27,901 Interest Revenue $ 40,592 Prepaid Lease Executory Costs $ 53,533 Depreciation Expense (2) What items and amounts will appear on the lessor's balance sheet at September 30, 20212 Balance Sheet (Partial) September 20, 2021 $ 27,808 Current Assets: Interest Receivable Noncurrent Assets: Leased Asset $ 212,209 (3) What items and amounts will appear on the lessor's income statement for the year ending September 30, 2022? $ 23,343 Interest Revenue (4) What items and amounts will appear on the lessor's balance sheet at September 30, 2022? Balance Sheet (Partial) September 30, 2022 Current Assets: $ Noncurrent Assets: Lease Revenue $ Assuming the lessor's accounting period ends on December 31, answer the following questions with respect to this lease agreement. (Round answers to decimal places es 58,971.) (1) What items and amounts will appear on the lessor's income statement for the year ending December 31, 2020? $ Interest Revenue $ Prepaid Lease Executory Costs S Depreciation Expense (2) What items and amounts will appear on the lessor's balance sheet at December 31, 2020? Balance Sheet (Partial) December 31, 2020 $ Current Assets: Interest Receivable Noncurrent Assets: Unearned Lease Revenue $ (3) What items and amounts will appear on the lessor's income statement for the year ending December 31, 2021? $ Interest Revenue (4) What items and amounts will appear on the lessor's balance sheet at December 31, 2021? Balance Sheet (Partial) December 31, 2021 Current Assets: Interest Revenue $ Noncurrent Assets: Lease Receivable $