Exercise 21A-18 a-c (Part Level Submission) On January 1, 2017, a machine was purchased for $900,000 by Young Co. The machine is expected to have an 8-year life with no salvage value. It is to be depreciated on a straight-line basis. The machine was leased to St. Leger Inc. for 3 years on January 1, 2017, with annual rent payments of $150,955 due at the beginning of each year, starting January 1, 2017. The machine is expected to have a residual value at the end of the lease term of $562,500, though this amount is unguaranteed Click here to vlew the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) How much should Young report as Income before Income tax on this lease for 2017? Income before income tax