Classifying Lessee Transactions in Statement of Cash Flows On January 1, 2020, Lessee Inc. signs a three-year non-cancelable agreement to lease equipment (no residual value) from Lessor Inc. Lessee Inc. accounts for the lease as a finance lease, which requires three lease payments of $192,346 each, payable January 1, 2020, December 31, 2020, and December 31, 2021. The lessor's implicit rate is 5%, which is known to the lessee, resulting in the recording of right-to-use asset and lease liability of $550,000 (PV(0.05,3,192346,0,1) at the inception of the lease. As a result, the lessee recorded the following entries in 2020 (amounts rounded). January 1, 2020 Right-of-Use Asset Lease Liability To record right-of-use asset and lease liability Lease Liability 550,000 550,000 192,346 192,346 Cash To record lease payment December 31, 2020 Interest Expense Lease Liability Cash To record lease payment Amortization Expense Right-of-Use Asset ($550,000/3) To record amortization on right-of-use asset 17,883 174,463 192,346 183,333 183,333 Required Determine the effects on the statement of cash flows of Lessee Inc. for 2020 assuming that the company follows the indirect method in reporting cash flows from operating activities. Note: Indicate a subtraction in the statement of cash flows with a negative sign in the Amount column. Note: If an item is not included in the statement of cash flows, enter zero (leave blank) in the Amount column, and enter "N/A" in the Cash Flow Section column. Item Amount Cash Flow Section Increase in right-of-use asset $ 0 N/A Lease payments $ 0 Financing activities section Amortization expense 0 Operating activities section Finance lease initiated for equipment $ 0 N/A