Mickey Leasing leased movietheaterequipment to DuckDuck Company on January 1, 2018. The lease payments were calculated to provide the lessor, Mickey, a 7% return. Ten annual lease payments of $58,500 are due on January 1, 2018 and then each December 31, beginning December 31, 2018 after that.Mickey initially bough the equipment for $390,000 and expected the equipment to have a ten-year useful life.This qualifies as a finance / sales-type lease.

DuckDuckrecorded interest expense offor 2018.

2.DuckDuckrecorded amortization expense offor 2018.

3.DuckDuck'slease payable had a balance ofas of 12/31/2018. (Enter a debit balance as a positive number and a credit balance as a negative number.

4. Mickey would record a lease receivable on January 1, 2018 in theamount of.

5. Mickey would recognize revenue on January 1, 2018 in the amount of.

6. Mickey would credit interest revenue ofonDecember 31, 2018.

Lastly, answer the following questions related to the balance sheet. Enter CREDIT balances as a negative number (i.e., a credit balance of 1,000 in deferred revenue would be entered as -1,000). Enter DEBIT balances as a positive number.

7. What is the balance in ROU asset for DuckDuckat Dec. 31,2019?

8. What is the balance in the lease payable for DuckDuckat Dec. 31,2019?

9.What is the balance intheaterequipmentforMickeyat Dec. 31,2019?

What is the balance inthe lease receivableforMickeyat Dec. 31,2019?