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please show all work Aldridge Corporation leased a machine on December 31, 2018, for a three-year period. The lease agreement calls for annual payments in

please show all work

Aldridge Corporation leased a machine on December 31, 2018, for a three-year period. The lease agreement calls for annual payments in the amount of $39,391 on December 31 of each year beginning on December 31, 2018. Aldridge has the option to purchase the machine on December 31, 2021, for $6,997 when its fair value is expected to be $9,800. The appropriate interest rate for this lease is 10%.

n/i

PV of $1

PV, ordinary annuity

PV, annuity due

1 period, 10%

.90909

.90909

1.00000

2 periods, 10%

.82645

1.73554

1.90909

3 periods, 10%

.75131

2.48685

2.73554

.

What is the amount to be recorded as a right-of-use asset and the associated lease payable

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