How much is the total interest income to be earned over the lease term? * On December 31. 2021. MUICHIRO Inc. leased an equipment with a cost of Php 1.000.000 to MITSURI Corp. for 4 years which is also the useful life of the asset The lease contract spedties equal annual payment of Php 261.694 beginning on December 31. 2021. At the end of lease term. the equipment will revert to MUICHIRD. A third party related to the lease guarantees residual value 01 the equipment amounting to Php 150.000. The rate implicit to the lease is 11%. (Round off W factors to four decimal places) a. 46,775 b. 103,225 c. 196.776 d. 1,172,927 1. How much is the interest income in 2023? * On December 31. 2021. MUICHIRO Inc. leased an equipment with a cost of Php 1.000.000 to MITSURI Corp. for 4 years Mich is also the uselul life of the asset. The lease contract species equal annual payment of Php 261.694 beginning on December 31. 2021. At the end of lease term. the equipment will revert to MUICHIRO. A third party related to the lease guarantees residual value of the equipment amounting to Php 150,000. The rate implicit to the lease is 11%. (Round off PV factors to four decimal places) a. 24,597 b. 61.361 0. 81,214 d. 110,000