help with the following questions :

3. On January 1 of the current year, CCH Corporation entered into the following lease contract. Based on the fact, CCH Corporation classifies the lease as an operating lease. Leased asset: Office Space Annual lease payment: $115,487 due at each year-end Lease term: 5 years Upfront fees: $10, 000 paid in cash Assuming that the company reports under the new lease accounting standard and that the discount rate is 5%, what is the amount of lease liability that CCH will add to its balance sheet at the inception of the lease? a. 499,998 b. 509,998 C. 498,998 d. 519,998 4. Based on the same information in Question 3, what is the amount of lease asset that CCH will add to its balance sheet at the inception of the lease? a. 499,998 b. 509,998 C. 498,998 d. 519,998