please show work and calculate values for 2019 & 2020

thank you!

Q2. LA Adjustments on the Balance Sheet and Income Statement (10pts, Zpes each) Below shows the Balance Sheets and Income Statements, and future lease commitments of General Electric (ticker:GE) reported in the 10-K files. Assume a 4.5% lease discount rate and a 21% income tax rate, please calculate (1) lease depreciation expense. (2) adjusted gross income. (3) adjusted net income. (4) adjusted lease right-of-use assets, and (5) adjusted total liabilities in 2019 and 2020. tarberall lestra empants there Str Balance 2020 2019 2018 2017 106,297 53,874 89,608 88,412 44,662 25,927 2:987 34,252 58.437 35.298 130679 14,562 255,050 77,545 46,186 75187 2,896 31,897 58,532 37,387 17,931 36,500 274,090 88,082 50,749 87,475 0 36,726 46.950 77,773 20,091 33.143 317,688 35,734 67.557 104,241 21,762 39,789 393,500 Asus Total Current Asus Net Property, Plant & Equipment Other Proprety, Plant & Equipment Leuse Right-af-Uwe Arts Accumulated Depreciation Total Long-Term Inverunt Intangible Awo Defited Tax Amnes Other Arts Total Assets Liabilities Current Liabilities Total Current Liabilities Long-Term Debt Long-Term Debt exc Lease Obligation Capital and Operating Lease Obligations Provision for Risks & Charges Deferred Tax Liabilities Other Lublinie Total Lisbttes Expaty Printed Stock Carrying Valve Common Equity Total Sales Equity Accued Minny nieres Total Exquity Toallashi & Sharbados Equity I 25,023 71,206 77.400 110.555 110,555 56.069 23,642 20,288 3,354 25.010 1,598 11.170 217.489 68,810 2,396 73,667 8,042 15.850 243,790 67. 337 97,109 97,105 0 68345 8.559 22,475 265 825 29.266 15,955 24,839 308,115 6 6 6 35,546 15552 009 372461 255.000 26,310 28,316 1.04 30.300 274.030 30.975 30.08 2062 513 31 64257 64 263 21,122 S185 393 50 Tural litri comple: C Simplilied become sements 2020 Sales 79,893 Cost of Goods Sold (COGS) incl. D&A 59,891 COGS excluding D&A 53,873 Depreciation & Amortization Expense 6,018 Gross Income 20,002 Research & Development 2,565 Rental Expense 1,072 Other SG&A 13,304 EBIT (Operating Income) 3,061 Nonoperating Income - Net 8.962 Interest Expense 3,231 Unusual Expense - Net 3,595 Pretax Income 5,197 Income Taxes -475 Consolidated Net Income 5,658 Minority Interest Net Income 5,665 Discontinued Operations .93 Preferred Dividends Net Income available to Common 5.098 2019 2018 2017 95,055 121,615 120 468 66,573 87,137 84,586 60,978 78,913 77,227 5,595 8,224 7,359 28,482 34,478 35.882 3,115 4,134 4,803 1,176 1,848 1,746 15,431 16.989 29.534 8,760 11,507 -201 -564 -518 1,624 4,324 5,059 4.869 2.723 26,064 5.345 1.149 -20,134 -8,791 726 583 -3,043 423 20,717 -5,759 7 89 277 416 -20.628 -5,482 211 -1,737 -456 461 447 436 -256 -22.812 -6,374 -7 474 Future Lease Commitment Due in Year 1 General Electric Company (ticker: GE) Future Lease Commitment Future Lease Future Lease Future Lease Commitment Commitment Commitment Due in Year 2 Due in Year 3 Due in Year Future Lease Commitment Due in Year 5 Future Lease Commitment Due Beyond Years 5316 5632 2451 1970 2020 2019 2018 2072 2208 1658 1647 2833 2082 1088 10 92 776 4 TR20 681 6.08 2017 900 578 0 Q2. LA Adjustments on the Balance Sheet and Income Statement (10pts, Zpes each) Below shows the Balance Sheets and Income Statements, and future lease commitments of General Electric (ticker:GE) reported in the 10-K files. Assume a 4.5% lease discount rate and a 21% income tax rate, please calculate (1) lease depreciation expense. (2) adjusted gross income. (3) adjusted net income. (4) adjusted lease right-of-use assets, and (5) adjusted total liabilities in 2019 and 2020. tarberall lestra empants there Str Balance 2020 2019 2018 2017 106,297 53,874 89,608 88,412 44,662 25,927 2:987 34,252 58.437 35.298 130679 14,562 255,050 77,545 46,186 75187 2,896 31,897 58,532 37,387 17,931 36,500 274,090 88,082 50,749 87,475 0 36,726 46.950 77,773 20,091 33.143 317,688 35,734 67.557 104,241 21,762 39,789 393,500 Asus Total Current Asus Net Property, Plant & Equipment Other Proprety, Plant & Equipment Leuse Right-af-Uwe Arts Accumulated Depreciation Total Long-Term Inverunt Intangible Awo Defited Tax Amnes Other Arts Total Assets Liabilities Current Liabilities Total Current Liabilities Long-Term Debt Long-Term Debt exc Lease Obligation Capital and Operating Lease Obligations Provision for Risks & Charges Deferred Tax Liabilities Other Lublinie Total Lisbttes Expaty Printed Stock Carrying Valve Common Equity Total Sales Equity Accued Minny nieres Total Exquity Toallashi & Sharbados Equity I 25,023 71,206 77.400 110.555 110,555 56.069 23,642 20,288 3,354 25.010 1,598 11.170 217.489 68,810 2,396 73,667 8,042 15.850 243,790 67. 337 97,109 97,105 0 68345 8.559 22,475 265 825 29.266 15,955 24,839 308,115 6 6 6 35,546 15552 009 372461 255.000 26,310 28,316 1.04 30.300 274.030 30.975 30.08 2062 513 31 64257 64 263 21,122 S185 393 50 Tural litri comple: C Simplilied become sements 2020 Sales 79,893 Cost of Goods Sold (COGS) incl. D&A 59,891 COGS excluding D&A 53,873 Depreciation & Amortization Expense 6,018 Gross Income 20,002 Research & Development 2,565 Rental Expense 1,072 Other SG&A 13,304 EBIT (Operating Income) 3,061 Nonoperating Income - Net 8.962 Interest Expense 3,231 Unusual Expense - Net 3,595 Pretax Income 5,197 Income Taxes -475 Consolidated Net Income 5,658 Minority Interest Net Income 5,665 Discontinued Operations .93 Preferred Dividends Net Income available to Common 5.098 2019 2018 2017 95,055 121,615 120 468 66,573 87,137 84,586 60,978 78,913 77,227 5,595 8,224 7,359 28,482 34,478 35.882 3,115 4,134 4,803 1,176 1,848 1,746 15,431 16.989 29.534 8,760 11,507 -201 -564 -518 1,624 4,324 5,059 4.869 2.723 26,064 5.345 1.149 -20,134 -8,791 726 583 -3,043 423 20,717 -5,759 7 89 277 416 -20.628 -5,482 211 -1,737 -456 461 447 436 -256 -22.812 -6,374 -7 474 Future Lease Commitment Due in Year 1 General Electric Company (ticker: GE) Future Lease Commitment Future Lease Future Lease Future Lease Commitment Commitment Commitment Due in Year 2 Due in Year 3 Due in Year Future Lease Commitment Due in Year 5 Future Lease Commitment Due Beyond Years 5316 5632 2451 1970 2020 2019 2018 2072 2208 1658 1647 2833 2082 1088 10 92 776 4 TR20 681 6.08 2017 900 578 0