(i) ieling Paint Ball (HPB) Corporation needs a new air compressor that costs $80,000. HPB will need it for only 5 years even though the compressor'. omic life is long enough so that the lease is an operating lease. The firm can lease the compressor for 5 years with $35,000 lease payments at the of each year. HPB's cost of debt is 11%. Answer the following questions. (Hint: See Table 19-1.) a. What is the initial lease liability that must be reported on the balance sheet? Do not round intermediate calculations. Round your answer to the nearest cent. Fnter wan'dr answer as a positive value. $ b. What is the initial rinht-of-use asset? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. What will HPB rennit-s the Year-1 lease expense? Round your answer to the nearest cent. Enter your answer as a positive value. $ d. What is the Year-1 imputed interest expense? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a Docitiva.-lue. $ e. What lease liability must be reported at Year 1 ? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a nncitiwa 3lue. $ f. W $