On January 1, 2022. XYZ Lesse und equipment from QRS Manufacturing at a Price of $164,000 .ORS Manufacturing has a cost of $120,000 in the asset . Le specifis 4 annual payments of $44.650 beginning January 1, 2022 and on each January 1 thereafter through 2025: The 4-year term onds on December 31, 2025 ORS Manufacturing estes a useful life of 4 years and no residual value at the end of the term. . There is no purchase option, and the equipment reverts back to the Lessor at the end of the 4-year period The implicit rate on the case is 6% and XYZ Lesson is aware of that rato Assume Straight Line Depreciation is red on the Right of Use Asset PVAD Factor, de PV or 1 Factor, 357301 79209 Al December 31, 2022. end of the first year, QRS Lessor will record a journal entry that includes a Information Continued from previous Question Ons wyt.2022. XYZ.Lessed uport from QRS Manufacturing at a price of $164,000 - ORS Montcugas a cost of $120.000 the asset Le pod annual payments of $44.650 beginning January 1, 2022 and on each January 1 thereafter through 2025. The 4-year termed on December 31, 2025 QRS Maracturing states a useful life of 4 years and no residual value at the end of the form There is no purch option and me equipment reverts back to the Lostor at the end of the 4-year period The implicit rate on the lease is 6%, and XYZ Losse is aware of that rate Asume Straight Line Depreciation used on the Right of Use Assot PVAD Fade PV of Facts 3.67301 79209 Al December 31, 2022 end of the first year, XYZ Lessee wil record a journal entry that includes a credit to a Interest Revenue for $7.161 Ob Right-Of-Use Asset for $41,000