Covering operating and capital leases:

Use the financial statements found within the 10K for Wal-Mart from fiscal year 2016 (year ended January 31, 2016) to answer the following questions. (You will utilize the Consolidated balance sheet, consolidated statement of income, consolidated statement of cash flows, and Footnote 11 to answer these questions.) YOU MUST SHOW HOW YOU FOUND THE ANSWER!

1. What is the total amount of rent expense that Wal-Mart will record on the income statement in fiscal year 2017 relating to leases in place at January 31, 2016?

2. What is the total liability related to capital leases reported by Wal-Mart on its January 31, 2016 balance sheet? (The total liability will be found on two different lines in the financials.)