Brief Exercise 21A-26 x Your answer is incorrect. Try again. Blue Corporation entered into an operating lease to lease equipment from Highlander, Inc. on January 1, 2017. The lease calls for annual lease payments of $16,000, beginning on December 31, for each of the 5 years of the lease. In addition, Highlander, Inc. will pay Blue Corporation $3,800 as a cash incentive for entering the lease by December 31. In relation to the lease agreement, Blue incurred the following costs. Commissions for selling agents with no attempts available. sts $700 500 3,200 Legal fees resulting from the execution of the lease Blue's incremental borrowing rate is 6%. If the value of the lease liability is $71,442, what amount will Blue record as the value of the right-of-use asset on January 1, 2017, at commencement of the operating lease? Value of the right-of-use asset 1 72042 72042 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Brief Exercise 21A-26 x Your answer is incorrect. Try again. Blue Corporation entered into an operating lease to lease equipment from Highlander, Inc. on January 1, 2017. The lease calls for annual lease payments of $16,000, beginning on December 31, for each of the 5 years of the lease. In addition, Highlander, Inc. will pay Blue Corporation $3,800 as a cash incentive for entering the lease by December 31. In relation to the lease agreement, Blue incurred the following costs. Commissions for selling agents with no attempts available. sts $700 500 3,200 Legal fees resulting from the execution of the lease Blue's incremental borrowing rate is 6%. If the value of the lease liability is $71,442, what amount will Blue record as the value of the right-of-use asset on January 1, 2017, at commencement of the operating lease? Value of the right-of-use asset 1 72042 72042 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT