Oriole Corp. is a manufacturer of truck trailers. On January 1, 2021, Oriole Corp. leases 9 trailers to Skysong Company under a 6-year noncancelable lease agreement. The following information about the lease and the trailers is provided: Equal annual payments that are due on January 1 each year provide Oriole Corp. with an 15% return on net investment. 1. 2. Titles to the trailers pass to Skysong at the end of the lease. 3. 4. The fair value of each trailer is $51,800. The cost of each trailer to Oriole Corp, is $45,100. Each trailer has an expected useful life of nine years. Collectibility of the lease payments is probable. Click here to view factor tables. (a) What type of lease is this for the lessor? Direct-financing type lease Sales-type lease Attempts: 0 of 2 used Submit Answer