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Brief Exercise 9-6 (Algo) Understand balance sheet effect of leases (LO9-3) Suppose a company signs a three-year lease agreement. The lease payments have a present

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Brief Exercise 9-6 (Algo) 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 $35,000. Prior to signing the lease. the company had total assets of $518,000, total liabilities of $303,000, and total stockhoiders equity of $215,000. Calculate the balance of total assets, total liabilities, and total stockholders' equity immediately after signing the lease

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