E10-30. Analyzing, Interpreting and Capitalizing Operating Leases Staples Inc. reports the following footnote relating to its operating leases in its 10-K report for the 2015 fiscal year ended January 30, 2016 ($ thousands) Future minimum lease commitments due for retail, distribution, fulfillment and support facilities (including restructured facilities) and equipment leases under non-cancelable operating leases are as follows (in millions): Fiscal Year Total 2016 $0 685 2017 563 2018. 424 2019. 317 2020 230 Thereafter 443 $2,662 a.What dollar adjustment(s) might we consider to Staples' balance sheet and income statement given this information and assuming that Staples intermediate-term borrowing rate is 8% and rounding the remaining lease life to the nearest whole year? Explain b.Would the adjustment from part a make a substantial difference to Staples total liabilities? (Staples reported total assets of nearly S10,172 million and total liabilities of nearly $4,788 million for fiscal 2015.) E10-30. Analyzing, Interpreting and Capitalizing Operating Leases Staples Inc. reports the following footnote relating to its operating leases in its 10-K report for the 2015 fiscal year ended January 30, 2016 ($ thousands) Future minimum lease commitments due for retail, distribution, fulfillment and support facilities (including restructured facilities) and equipment leases under non-cancelable operating leases are as follows (in millions): Fiscal Year Total 2016 $0 685 2017 563 2018. 424 2019. 317 2020 230 Thereafter 443 $2,662 a.What dollar adjustment(s) might we consider to Staples' balance sheet and income statement given this information and assuming that Staples intermediate-term borrowing rate is 8% and rounding the remaining lease life to the nearest whole year? Explain b.Would the adjustment from part a make a substantial difference to Staples total liabilities? (Staples reported total assets of nearly S10,172 million and total liabilities of nearly $4,788 million for fiscal 2015.)