Feder Co leased a machine on January 1, 2021 for a three-year period ending December 31, 2023. The lease specified annual payments of $18.000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. Feder had the option to purchase the machine on December 30, 2023 for $22.500 and the purchase seems reasonably certain. The machine's estimated useful life was six years with no salvage value. Feder was aware that the lessor's Implicit rate of return was 12%. The present value of $1 when n-3 and 1-12 is 0.71178. The present value of an annuity due of $1 when n-3 and 1-12 is 2.69005. Identify the following statements that are TRUE regarding Feder's accounting for the lease One journal entry on December 31, 2021 would include a debit to Amortization Expense for $25,500 and a credit to Right-of-Use Asset for $25,500 One journal entry on December 31, 2021 would include a credit to Cash for $18,000 One journal entry on December 31, 2021 would include a debit to Lease Payable for $18,000 One journal entry on January 1, 2021 would include a debit Right-of-Use Asset for $64,436 and a credit to Lease Payable for $64,436. Lates On January 1, 2021. Calmed leased equipment from Cres Co. under a nine-year lease. The lease specifies annual payments of $25,000 beginning January 1, 2021 and each December 31 thereafter through 2028. The implicit interest rate (and lessee's incremental borrowing rate) is 10%. The lease is deemed to be an operating lease. The present value of the lease payments is $158,373 Identify the following statements that are TRUE regarding Carmed's accounting for the lease The balance of Lease Payable on the December 31, 2021 balance sheet is $183.373 Amortization Expense for 2021 is $11,663. The balance of Right-of-Use Asset on the December 31, 2021 balance sheet is $170.036. Interest Expense for 2021 is $13,337