please conplete all parts to the question. i have some parts to part a complete but i would doublecheck PV of lease as well as find out the table or calculator function from the list of answers.

A lease agreement that qualifies as a finance lease calls for annual lease payments of $50,000 over a four-year lease term (also the asset's useful life), with the first payment at January 1, 2021, the beginning of the lease. The interest rate is 7%. (FV of $1. PV of SI. FVA of $1. PVA of $1. VAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: a. Determine the present value of the lease upon the lease's inception. b. Create a partial amortization table through the second payment on January 1, 2022. c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would reportin its income statement for the year ended December 31, 2021 (ignore taxes)? Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the present value of the lease upon the lease's inception. (Round your answers to nearest whole number and round percentage answer to 1 decimal place) PV factors based on Table of Calculator function: Lease Payment $ 50,000 n 4 7.0% 181.215 PV of Lease $ Renu Required > of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provide Required: a. Determine the present value of the lease upon the lease's inception. b. Create a partial amortization table through the second payment on January 1, 2022. c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the its income statement for the year ended December 31, 2021 (ignore taxes)? Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the present value of the lease upon the lease's inception. (Round your answers to nearest round percentage answer to 1 decimal place.) PV factors based on Table or Calculator function: Lease Payment 0.0 Show All Items n PV of $1 PVA of $1 PV of Lease PVAD of $1 od A Required B> FV of $1 FVA of $1 Brief Exercise 15-5 (Algo) Finance lease lessee income statement effects (L015-2] Alease agreement that qualifies as a finance lease calls for annual lease payments of $50,000 over a four-year lease term (also the asset's useful life), with the first payment at January 1, 2021, the beginning of the lease. The interest rate is 7%. (FV of $1. PV of $1. FVA of $1. PVA of $1. VAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: a. Determine the present value of the lease upon the lease's inception b. Create a partial amortization table through the second payment on January 1, 2022. c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the year ended December 31, 2021 (ignore taxes)? Complete this question by entering your answers in the tabs below. Required A Required B Required C Create a partial amortization table through the second payment on January 1, 2022. (Enter all amounts as positive values. Round your answers to nearest whole number.) Lease Effective Decrease in Date Outstanding Payment Interest balanco balance 01/01/2021 01/01/2021 $ 50,000 01/01/2022 0 0 Alease agreement that qualifies as a finance lease calls for annual lease payments of $50,000 over a four-year lease term (also the asset's useful life), with the first payment at January 1, 2021, the beginning of the lease. The interest rate is 7% (FV of $1. PV of $1. FVA of $1. PVA of 51. VAD of Si and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: a. Determine the present value of the lease upon the lease's inception b. Create a partial amortization table through the second payment on January 1, 2022 c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the year ended December 31, 2021 (ignore taxes)? Complete this question by entering your answers in the tabs below. Required A Required B Required If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the ease that the lessee would report in its income statement for the year ended December 31, 2021? (Round your answers to nearest whole number. Enter all amounts as positive values.) Impact on pretax income related to the lease: Show All items