Assume that on December 31, 2019, Splish Brothers Aerospace signs a 8 year, non-cancelable lease agreement to lease a hanger from Aero Field Management Company. The following information pertains to this lease agreement: L The agreement requires equal rental payments of $162.759 beginning on December 31, 2019. 2 The fair value of the building on December 31.2019 is $1.102.461 3 The building has an estimated economic life of 10 years a guaranteed residual value of $49.600, and an expected residual value of $34.300 Splish Brothers depreciates similar buildings on the straight-line method The lease is nonrenewable. At the termination of the leave, the building reverts to the lessor Splish Brothers's incremental borrowing rate is 6% per year. The lessor's implicit rate is not known by Splish Brothers