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

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Slow Mo 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 $649,000. Ten annual lease payments of $102,556 are due each Jan 1 beginning January 1, 2018.

On December 31, 2018 the amount reported as Right of Use Asset on the Balance Statement will be $_____

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