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Prepare entry for lease, and compute debt to assets natio. DO ITI 15.4 (LO 4) Huebner Corporation leases new equipment for 10 years on December

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Prepare entry for lease, and compute debt to assets natio. DO ITI 15.4 (LO 4) Huebner Corporation leases new equipment for 10 years on December 31, 2020, The present value of the lease payments is 192.000. After recording this lease, Huebner has assets of $1,800,000, liabilities of $1,100,000, and stockholders' equity of $700,000. (a) Prepare the entry to record the lease, and (b) compute and discuss the debt to assets ratio at year-end

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