On January 1 Smith industries med equipment to customer for a four-year period at which time possession of the leased asset will revert back to Som The game cou Smit 350.000 useful le of years. Its normalence is 350.000 The residual value atter four years is $50,000. Lease payments are due on December of each year, begining with the best payment year. The interest rates Calculate the amount of the lease payments Round your answer to the nearest whole dollar amount