please help

I don't see that in my intermediate accounting text I saved from college, you grumble to a coleague in the accounting division of Dowell Chemical Corporation. "This will take some research. Your comments pertaln to the appropriate accounting treatment of a proposed sublease of warehouses Dowell has used for product storage. Dowell leased the warehouses one yeat ago on December 31, 2024. The five-year lease agreement called for Dovell to make quarterly lease payments of $2,398,303, payable each December 31, March 31, June 30, and September 30, with the first payment of the lease's beginning. As a finance lease. Dowell had recorded the right-of-use asset and liability at $40 milion, the present vialue of the lease payments at 8%. Dowel records amortization on a straight-line basis at the end of each fiscal yeat: Today, Dowelis controller, explained a proposal to sublease the underused warehouses to American Tankers, Incorporated, for the remaining four years of the lease term. American Tankers would be substituted as lessee under the orlginal lease agreement. As the new lessee, it would become the primary obligor under the agreement, and Dowell would not be secondarily liable for fulfilling the obligations under the lease agreement. "Check on how we would need to account for this and get back to me," the controller had said Required: 1. On December 31, 2025, what is the balance in Doweli's lease llabilty? 2. On December 31, 2025, what is the carrylng amount (atter accumulated amortization) of Dowell s leased warehouses? 3. Obtain the relevant authortative literature on accounting for derecognition of finance loases by lessees using the FASB's Codification Research System. You might gain access from the FASB website (wwwiasborc), from your school library, or some other source. Io determine the appropriate occounting treatment for the proposed sublease, what is the specific seven-digit Codification citation (X) that Dowell would tely on to determine: a. If the proposal will qualify as a termination of a finance lease? b. The appropeiate accounting treatment for the sublease? 4. What if any, journal entry would Doweil record in connection with the sublease? 1. On December 31, 2025, what is the balance in Dowell's lease liability? Note: Round your answer to the nearest whole dollar amount 2. On December 31, 2025, what is the carrying amount (after accumulated amortization) of Doweli's leased warehouses? Note: Round your answer to the nearest whole dollar amount. 3. Obtain the relevant authoritative literature on accounting for derecognition of finance leases by lessees using the FASB's Codification Research System. You might gain access from the FASB website (www.fasb.org), from your school library, or some other source. To detemine the appropriate accounting treatment for the proposed sublease, what is the specific seven: digit Codification citation (XXXXXXX) that Dowell would rely on to determine: a. If the proposal will qualify as a termination of a finance lease? b. The appropriate accounting treatment for the sublease? Complete this question by entering vour answers in the tabs below. What, it any, loumal entry would Dowell record in connection with the sublease? Note: If no entry is sequired for a tramsaction/event, select "No journal entry required" in the first acootint, field. Enter your answers in whole doliars Journal entry worksheet Record the sublease of worehouses for the remaining four years of lease term. Note: friter debits before credts