I. Con Edison Company leased equipment from Tech Leasing on January 1,2016. Problems Other information: Lease term Semi-annual payments 6 years $30,000 on June 30 and Dee. 30 each year 8 years 10% Life of asset Implicit interest rate Incremental rate $12,000 expected residual value at the end of the lease guaranteed by Con Edison. Prepare all the appropriate journal entries for Con Edison for 2016 and 2017. Assume sum-of the year's digit depreciation and a December 31 year-end. Prepare the relevant portions of the balance sheet and of the income statement of Con Edison with regard to the above, for the year 2016. Required: a. b. 12 Project 4- 24 points ACTG3000 For this project, you will create a scenario for a business or other organization and use CVP analysis to show the following 1. Breakeven in units 2. Breakeven in dollars 3. Target sales in units for achieving a $50,000 target NI 4. Target sales in dollars for achieving a $50,000 target NI 5. You realize that your scenario's actual capacity is limited to its breakeven number of units (BEu, as calculated in #1 above). Calculate what the new sales price (SP) should be in order to achieve a $10,000 NI using the BEu (#1 above) for sales volume (Q 6. Same as #5, except this time calculate what the new variable cost per unit (VC) would need to be in order to achieve a $10,000 NI using the BEu (#1 above) for sales volume (Q Requirements A. Define each CVP variable for your scenario SP- B. Calculate CM per unit- CM ratio