NOTE: Please display your calculations to receive any partial credit for your work. Also, display any Excel formula used to calculate 1 (5 points) Springtown Inc. entered into a 5-year lease and recorded a right-of-use asset and lease liability of $264,000 on July 1, 2020. Springtown Inc. was aware of the lessor's implicit rate of interest of 5%. The equipment under lease had an estimated 5-year useful life with no residual value. The first lease payment of $58,074 was due upon commencement of the leasc. Time value of money factors at 5% 4 years 5 years Future Value of 1 Present Value of 1 Present Value of Ordinary Annuity of 1 Present Value of Annuity. Due of 1 1.215506 .822702 3.545951 3.723248 1.276282 783526 4.329477 4.545951 Show the balance sheet presentation on June 30, 2021, and the income statement presentation for the quarter-year ended June 30, 2021. Round your final answers to the nearest whole dollar