On January 1, 2020, Bountee Ltd. leased a machine from Vector Equipment Ltd. The machine had cost Vector $423,500 to manufacture, and would normally have sold for about $605,000. The lease was for 10 years and requires equal monthly payments of $6,620 which reflects an annual interest rate of 8%. While the machine is expected to have a total useful life of 12 years, Bountee's management plans to return it to Vector at the end of the 10-year lease. Bountee's management has also determined that the present value of the minimum lease payments was $545,630 at the time the lease was entered into. Calculate the impact that the lease will have in the first month on Bountee's statement of financial position. (Round answers to O decimal places, e.g. 125.) Right-of-use Asset at the End of January $ Lease Liability at the End of January $ e Textbook and Media Calculate the impact that the lease will have in the first month on Bountee's statement of income. (Round answers to O decimal places, e.g. 125.) Depreciation Expense $ Interest Expense $ e Textbook and Media