Applying New Lease Accounting Standards for Operating Leases - Leased asset: Office space. - Lease term: 5 years. - Annual lease payment: $184,779 due at each year-end. - Upfront fees: $10,000 paid in cash. Required Note: For the following questions, round your answers to the nearest whole dollar. a. Explain how the facts support the classification of the lease as an operating lease. b. Determine the amount of the lease liability that CCH will add to its balance sheet at the inception of the lease. $ c. 1. What amount will be added to the balance sheet as an asset? \$ 2. What will CCH Corporation call the asset on the balance sheet? d. Prepare a lease amortization schedule that shows the interest and principal portions of each lease payment. d. Prepare a lease amortization schedule that shows the interest and principal portions of each lease payment. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. f. At the end of the current year, what additional disclosure would CCH make in its footnotes pertaining to the four rel