On January 1, Year1 JoJo Trucking Company leased a semitractor and trailer for five years. Annual payments of $30862 are to be made every December 31, beginning December 31, Year1. Interest expense is based on a rate of 6%. JoJo has determined that this is an OPERATING lease. JoJo has computed the following amortization table for the lease liability:

Date	Lease Payment	Interest Expense	Reduction of Obligation	Lease Obligation
1/01/Yr1				130000
12/31/Yr1	30862	7800	23062	106938
12/31/Yr2	30862	6416	24446	82492
12/31/Yr3	30862	4950	25912	56580
12/31/Yr4	30862	3395	27467	29113
12/31/Yr5	30862	1749	29113	0

1. What will JoJo report as a Right-of-use asset at the inception of the lease?

2. What is total expense reported with respect to this lease for Year1 (include interest expense and amortization expense for the right-of-use asset.)

3. What is total expense reported with respect to this lease for Year2 (include interest expense and amortization expense for the right-of-use asset.)