Asbe-year capital lease entered into on January 1, 2016, specified egual minimum annual lease payments due on December 31 each year. The first minimum annual lease payment, paid on December 31, 2016 consists of which of the following? Interest expense Lease Baby On 1/1/19, Petry Co. leased equipment to Dish Co for 10 years the useful life of the wat) Petry had purchased the equipment for $5,200,000 Annual payments of $828,000 begin on 7/1/19. Assume that the present value of these payments at 8% is 56,000,000 If this is a sales type loase, what amount of profit should Petry record for year ended 12/31/19? SO $800,000 c. $1,200,000 d $1,080,000 e. None of the above On 7/1/16, Ship leased office space to Shore for 10 years at $30.000 per month. Depreciation is $30,000 per year straight line. What is Ship's income (revenue minus expenses) in 2016 for this operating lease. a $180,000 b. $168,000 c. $165,000 d. $138,000