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Larkspur Company leases equipment for 8 years with an annual rental of $3,100 per year or $24,800 in total. General Leasing (the lessor) agrees to

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Larkspur Company leases equipment for 8 years with an annual rental of $3,100 per year or $24,800 in total. General Leasing (the lessor) agrees to provide Larkspur with $400 for the first 2 years of the lease to defray needed repairs to the equipment. Determine the total lease payments that Larkspur will pay for the first 3 years of the lease agreement. Lease payments $

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