Northern Equipment leases cooling towers to Warmup Corporation The equipment is not specialred and is delvered on January 1, 2019 The fair value of the equipment is $180 000 The cost of the equipment to Norhern is S170.000 and the expected te of the testing eguipment is 8 years. A the end of the useh fe tis expected that the eguipment will have a residual value of S20,000 athough the lessee guarantees only $15.000. Nothen incurs initial direct costs of $20.000, which they elect to expense. The lease term for the equipment is years, with the first payment due upon delivery, and seven subsequent annual paymonts beginning on December 31, 2019 and ending on December 31, 2025 Northem's implicit rate is and they expect that collection of the $23.00 payments is probable The lease is property classified as a sales-type lease What is the amount of the lease receivable? (Round any present value calculations to the nearest dollar, and round any percentages two decimal places. XXX) OA. $140,476 OB. S180.000 OC. S172,272 OD. S167.728 Northern Equipment leases cooling towers to Warmup Corporation The equipment is not specialred and is delvered on January 1, 2019 The fair value of the equipment is $180 000 The cost of the equipment to Norhern is S170.000 and the expected te of the testing eguipment is 8 years. A the end of the useh fe tis expected that the eguipment will have a residual value of S20,000 athough the lessee guarantees only $15.000. Nothen incurs initial direct costs of $20.000, which they elect to expense. The lease term for the equipment is years, with the first payment due upon delivery, and seven subsequent annual paymonts beginning on December 31, 2019 and ending on December 31, 2025 Northem's implicit rate is and they expect that collection of the $23.00 payments is probable The lease is property classified as a sales-type lease What is the amount of the lease receivable? (Round any present value calculations to the nearest dollar, and round any percentages two decimal places. XXX) OA. $140,476 OB. S180.000 OC. S172,272 OD. S167.728