Please help need it in one hour Thanks MUHC Ltd leased a microsurgical staple gun on January 1, 2020, from George Klein Surgical Equipment Ltd The three year lease contract called for monthly payments of $10,770 to be made at the end of each month The staple gun is expected to have a useful life of five years and no residual value The staple gun had cost George Klein $300,000 to manufacture and would normally have sold for about $450,000 The interest rate available to MUHC Ltd for equipment loans on the day the lease was signed was 3 MUHCs management plans to return the staple gun to George Klein at the end of the three year lease MUHCs management has also determined that the present value of the minimum lease payments was $364,788 at the time the lease was entered into Explain the impact that the lease will have in the first month on MUHCs statement of financial position (Round answers to 0 decimal places, e g 125 ) Right of use Asset at the End of January $Enter a dollar amount Lease Liability at the End of January $Enter a dollar amount Explain the impact that the lease will have in the first month on MUHCs statement of income (Round answers to 0 decimal places, e g 125 ) Depreciation Expense $Enter a dollar amount Interest Expense $Enter a dollar amount

Question

Please help need it in one hour   Thanks MUHC Ltd  leased a microsurgical staple gun on January 1, 2020, from George Klein Surgical Equipment Ltd  The three year lease contract called for monthly payments of $10,770 to be made at the end of each month  The staple gun is expected to have a useful life of five years and no residual value  The staple gun had cost George Klein $300,000 to manufacture and would normally have sold for about $450,000  The interest rate available to MUHC Ltd  for equipment loans on the day the lease was signed was 3   MUHCs management plans to return the staple gun to George Klein at the end of the three year lease  MUHCs management has also determined that the present value of the minimum lease payments was $364,788 at the time the lease was entered into  Explain the impact that the lease will have in the first month on MUHCs statement of financial position  (Round answers to 0 decimal places, e g  125 ) Right of use Asset at the End of January $Enter a dollar amount  Lease Liability at the End of January $Enter a dollar amount  Explain the impact that the lease will have in the first month on MUHCs statement of income  (Round answers to 0 decimal places, e g  125 ) Depreciation Expense $Enter a dollar amount  Interest Expense $Enter a dollar amount

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Right-of-use Asset at the End of January		$Enter a dollar amount.
Lease Liability at the End of January		$Enter a dollar amount.

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Please help need it in one hour!! Thanks MUHC Ltd. leased a microsurgical staple gun on January 1, 2020, from George Klein Surgical Equipment Ltd.

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Depreciation Expense		$Enter a dollar amount.
Interest Expense		$Enter a dollar amount.