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Baskin Animal Supplies leased a trailer to Exotic Pets for use in delivering inventory. The finance lease has a 3-year term, 5% implicit rate, and

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Baskin Animal Supplies leased a trailer to Exotic Pets for use in delivering inventory. The finance lease has a 3-year term, 5% implicit rate, and begins on January 1, 2018. The lease requires a down payment of $10,000 and two equal annual lease payments on December 31 of 2018 and 2019. The list price of the trailer on the inception date is $80,000. What is the dollar amount of each annual payment that Baskin Animal Supplies will receive? Select one: O a. 43,024 O b. 25,705 O c29,377 d. 37,646

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