Lease Accounting. On January 1, Moran Inc. entered into a noncancelable 10 -year lease for computer equipment with a fair value of $120 million and requiring annual $16.304 milion year-end lease payments. The companys year-end is December 31. The implicit interest rate is 6%.

What are the total expenses associated with the lease in the second year if it is accounted for as an operating lease? As a finance lease? Note: Round all entries to three decimal points.

Expense Item (millions)	Operating Lease	Finance Lease
Operating lease expense	Answer	Answer
Interest expense	Answer	Answer
Amortization expense	Answer	Answer
Total	Answer	Answer