Elon Electronics leases testing equipment to Startup Corporation. The equipment is not specialized and is delivered on January 2019 The love of the u n is 5123 000 The cost of the month $115.000 and the expected life of the testing equipment years to incansadects of $10.000 which they were the last for the s ea with the best payment dependery and seven subsequent annual paymes beginning on December 11 2019 and ending on December 31, 2025 simpl y that the 1500 s is pro What is the principal hace the investment inte l e Type account the commencement of the OA 567,200 OB. 5118.000 OC. 590,44 OD. 576.494 Elton Electronics leases testing equipment to Startup Corporation. The equipment is not specialized and is delivered on January 1, 2019. The fair value of the equipment is $123,000. The cost of the equipment to Elton is $118,000 and the expected life of the testing equipment is 8 years. Elton incurs initial direct costs of $10,000, which they elect to expense. The lease term for the equipment is 8 years, with the first payment due upon delivery, and seven subsequent annual payments beginning on December 31, 2019 and ending on December 31, 2025 Elton's implicit rate is 9% and they expect that collection of the $15,000 lease payments is probable. What is the principal balance in the Net Investment in Lease - Sale Type account at the commencement of the lease? O A. $67,288 OB. $118,000 OC. $90,494 OD. $75.494