need help solving for D please!!

Leased Assets Koffman and Sons signed a four-year lease for a forklift on January 1, 2017. Annual lease payments of $1,376, based on an interest rate of 10%, are to be made every December 31, beginning with December 31, 2017 PV of Annuity of $1 Required: Refer to the table above for present value factors. 1. Assume that the lease is treated as an operating lease. a. Will the value of the forklift appear on Koffman's balance sheet? No b. What account will indicate that lease payments have been made? Lease expense Feedback Check My Work From the viewpoint of the lessee, there are two types of lease agreements: operating and capital. In an operating lease, the lessee acquires the right to use an asset for a limited period of time. The lessee is not required to record the right to use the property as an asset or to record the obligation for payments as a liability. 2. Assume that the lease is treated as a capital lease or finance lease. a. Identify and analyze the effect when the lease is signed. Check My Work Balance Sheet Stockholders' Assets Liabilities + Equity Leased Asset 4,362 Lease Obligation 4,362 No Entry Explain why the value of the leased asset is not recorded at $5,504 ($1,376 x 4)/ The leased asset should be reported at the present value of the payments which is $ 4,362 V not at $ 5,504 Feedback Check My Work Correct Balance Sheet Stockholders Equity Assets Liabilities Revenues Cash -1,376 Lease Obligation -940 No Entry Feedback Check My Work Partially correct c. Calculate the amount of depreciation expense for the year 2017. Round answer to the nearest whole dollar. 1,091 d. At what amount would the lease obligation be presented on the balance sheet as of December 31, 20177 Round answers to the nearest whole dollar Current liability portion 327 x Long-term liability portion 1,049 X Feedback Check My Work Determine depreciation using straight-line