on 10 Given the following for the XYZ Company. at yet swered nts out of 0 Flag question Year 2020 2021 2022 2023 Pre-Tax Net Income (Loss) $10,000 8,000 (16,000) 12,000 Tax Rate 20% 20% 20% 20% Future income is not more likely than not. Reported 2022 Net Loss is: Select one: O a $16,400 O b: $15,000 O c $16,000 O d. $4,000 O e. $20,000 con 11 Given the following data, determine the appropriate lease classification ered out of question Asset FMV and book value $40,000 Lease term 11 months Asset life 14 months Guaranteed salvage value $5,000 Lessee's estimated salvage value $3,000 No Bargain Purchase Option or Title Transfer Two month Renewal Option exists; lessee reasonably certain to renew. Present value of lease payments 63% of Asset FMV Lessor has foreseeable alternative use for asset. Select one: O a Short-term lease O b. Finance lease O c. Operating lease