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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 $36,000. Prior to signing the lease, the company had total assets of $502,000, totat liabilities of $338,000, and total stockholders' equity of $164,000. Colculote the balance of total assets, total liabilities, and total stockholders' equity immediately after-signing the fease

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