At January 1, 2018, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $ thereafter thro 21,000 beginning January 1, 2018, the beginning of the lease, and at each December 31 2025. The equipment have a useful life of 13 years with no salvage value at the end of its life. (Because the lease term is only 9 years, was acquired recently by Crescent at a cost of $180,000 (its fair value) and was expected to the asset does have an return on its lease investments. By this expected residual value at the end of the lease term of S7 604 Crescent seeks a 8% appropriate factorts) from the tables provided 1. What will be the effect of the lease on Crescents (lessors) earnings for the first year? (Enter decreases with negative numbers.) (For all requirements, round your intermediate calculations to the nearest whole dollar amount.) nt, the lease is deemed to be an operating lease. (EV of $1.PV of St.FVA of $t. PVA of $1. EVAD of $1 and PVAD of $2 (Use 2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Crescent? (net, end of year)