E Question Help Plessings Company leased a piece of machinery to Banana, Inc. on January 1, 2019. The lease is correctly classified as a sales -type lease. Plessings will receive three annual lease payments of $20,600, with the first one received on January 1, 2019. There is no guaranteed or unguaranteed residual value. The fair value of the machine is $50,000 and Plessings incurs initial direct costs of $5,000. What is the implicit rate assuming the initial direct costs are expensed? A. B. OC. OD, 6.06% 25 78% 11.39% 12.92% vy Group reported income from continuing operations before taxes of $668,000 and income from discontinued operations of $194,000. lvy also reported $88,000 of unrealized gains from available -for-sale debt investments (fair value accounting adjustments) recorded as other comprehensive income. The company is subject to a 38% tax rate and reports no permanent differences. How much income tax expense does hy report as a line item directly below "Income fiom Continuing Operations before Taxes"? OA. S287.280 O B. $361,000 O C. $253,840 O D. $327,560