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please hurry - On January 1 , 2 0 2 1 , Loop Inc. lease a machine from Sharp Co . The machine is estimated

please hurry- On January 1,2021, Loop Inc. lease a machine from Sharp Co. The machine is estimated to have a fair value of $400,000 and an 8-year economic life with no salvage value. The lease term is non cancelable 3 years. The lease requires annual rent payments of $67,000 due at the beginning of each year, starting January 1,2021. The machine is expected to have a residual value at the end of the lease term of $250,000 which is unguaranteed.
Loop paid $3,000 to a real estate broker as a commission for finding the lessor.
The lesse (loop inc) appropriately classified the lease as an operating lease.
The PV of annuity due of 1 for 3 years @ 5% is 2.85941
The PV of an ordinary annuity of 1 for 3 years @ 5% is 2.72325
In December 31,2021, balance sheet, Loop should report a Right of Use asset of:
a)127,720
b)132,809
c)129,810
d)191,580

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