Ayayai Corporation leases a building to Kingbird, Inc. on January 1, 2017. The following facts pertain to the lease agr agreement. term is 10 years with equal annual rental payments of $3,499 at the end of each year 2. Ownership does not transfer at the end of the lease term, there is no bargain purchase option, and the asset is not of a specialized nature. J. The building has a fair value of $35,811, a 5. Ayayai wants to earn a 4% return on the lease, and collectibility of the payments is probable. Click here to view the factor table. book value to Ayayai of S22,000, and a useful Me of is years. value of the end of the lease term, Ayayai and Kingbird expect the residual value of the building to be $11,000, and this amount is quaranteed by Money, Inc., a third party. purposesy, use S decimal places as displayed in the factor table provided.)