ITEMS TO COMPLETE FOR THIS MILESTONE: GENERAL workbook (red tab) In preparation of the annual audit, make calculations (green tab) and prepare appropriate adjusting enti CAPITAL LEASES Calculate capital lease obligations Prepare appropriate adjusting entries PENSION PAYOUTS Calculate pension liability Calculate health insurance liability ADJUSTING ENTRIES Prepare adjusting entries for capital lease obligations Prepare adjusting entries for pension payouts MANAGEMENT BRIEF - Prepare in a Word document - see the rubric for milestone 2 A. Explain the implications of capital lease based on how it relates to the company's equipment usage. B. Explain how postretirement plans will impact the company financially in the short and long term, us accounting workbook to support claims