Brief Exercise 9-4 Understand balance sheet effect of leases (LO9-3) Suppose a company signs a three-year lease agreement. The lease payments have a present value of $40,000. Prior to signing the lease, the company had total assets of $600,000, total liabilities of $400,000, and total stockholders' equity of $200,000. Calculate the balance of total assets, total liabilities, and total stockholders' equity immediately after signing the lease. Assets Liabilities Stockholders' Equity