Please answer fast within an hour, wil upvote and give good comment. Please help me, really need it. Thank you! 1. Kuhn Corporation fosed a machine on December 31, 2020. Annual payments under the lease or P110,000 (which includes P70,000 annual erecutory costs and a due on December 31 each year, for a ton-year period. The first payment was made on December 31, 2020, and the second payment was made on December 31, 2021. According to the agreement, the lease poyments are discounted at 10 percent over the lease term Assume the present value at minimum lase payments at the inception of the lease and before the first annual payment was P615.000 and Mutin Corporation appropriately classified the lease as a finance lease. what is the lease liability Kuhn Corporation should report in its December 31, 2021, bolonce sheetz 2. Parker Corporation on December 31, 2020 had the following dofo that relates to the sale and leaseback of an equipment Soles Price 500,000 Cost of Equipment 1,000,000 Accumulated Depreciation 600,000 Annual Rent Payable 19,000 Estimated Retnining Life of Equipment Lease Term 4 Fair Value of Equipment 600,000 Hequired. What emount of gain or the sale should Parket immediately recognize, if any, as of December 31, 2020 3. Zlos Corporation on December 31, 2020 had the following data that relates to the sale and inapabock of an equipment 500,000 1,000,000 Soles Price Cost of Equipment Accumulosed Depreciation Annual Rent Payable Estimated Remaining Life of Equipment Lease Term Fair value of Equipment 800,000 10,000 8 420,000 RequiredWhat amount of gain on the sale should Zlok dufor to subsequent period. It any? Please answer fast within an hour, wil upvote and give good comment. Please help me, really need it. Thank you! 1. Kuhn Corporation fosed a machine on December 31, 2020. Annual payments under the lease or P110,000 (which includes P70,000 annual erecutory costs and a due on December 31 each year, for a ton-year period. The first payment was made on December 31, 2020, and the second payment was made on December 31, 2021. According to the agreement, the lease poyments are discounted at 10 percent over the lease term Assume the present value at minimum lase payments at the inception of the lease and before the first annual payment was P615.000 and Mutin Corporation appropriately classified the lease as a finance lease. what is the lease liability Kuhn Corporation should report in its December 31, 2021, bolonce sheetz 2. Parker Corporation on December 31, 2020 had the following dofo that relates to the sale and leaseback of an equipment Soles Price 500,000 Cost of Equipment 1,000,000 Accumulated Depreciation 600,000 Annual Rent Payable 19,000 Estimated Retnining Life of Equipment Lease Term 4 Fair Value of Equipment 600,000 Hequired. What emount of gain or the sale should Parket immediately recognize, if any, as of December 31, 2020 3. Zlos Corporation on December 31, 2020 had the following data that relates to the sale and inapabock of an equipment 500,000 1,000,000 Soles Price Cost of Equipment Accumulosed Depreciation Annual Rent Payable Estimated Remaining Life of Equipment Lease Term Fair value of Equipment 800,000 10,000 8 420,000 RequiredWhat amount of gain on the sale should Zlok dufor to subsequent period. It any