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please show all work Kyle Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as a finance lease. The present

please show all work

Kyle Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as a finance lease. The present value of the lease payments discounted at 12% was $668,000. Ten annual lease payments of $105,558 are due each Jan 1 beginning January 1, 2018.

On December 31, 2018 the amount reported as Amortization Expense on the Income Statement will be $_____

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