please help with accounting...thank you so much

Given the following for the XYZ Company: Assume XYZ does not elect the carryback provision in 2017 and that future income is not "more likely than not." Reported 2017 Net Loss is: Select one: $16, 400 $15,000 $16,000 $4,000 $20,000 Lease X contains no bargain purchase option, but the lease term is equal to 70% of the estimated economic life of the leased property. Lease Y does not transfer ownership of the property to the lessee at the end of the lease term, but the present value of the lease payments is equal to 75% of the fair value of the leased property. How should the lessee classify Lease X and Lease Y, respectively? Select one: Operating Lease, Capital Lease Capital Lease, operating Lease Both are Operating Leases Both are Capital Leases