Problem 21A-9 a2-c Novak Company manufactures a check-in kiosk with an estimated economic life of 12 years and leases it to National Airlines for a period of 10 years. The normal selling price of the equipment is $345,252, and its unguaranteed residual value at the end of the lease term is estimated to be $20,900. National will pay annual payments of $41,000 at the beginning of each year. Novak incurred costs of $167,600 in manufacturing the equipment and $3,900 in sales commissions in closing the lease. Novak has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 5% Compute the amount of each of the following items. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 0 decimal places, e.g. 5,275.) (1) Lease receivable (2) Sales price (3) Cost of sales LINK TO TEXT LINK TO TEXT Prepare a 10-year lease amortization schedule for Novak, the lessor. (Round answers to O decimal places e.g. 5,275.) NOVAK COMPANY (Lessor) Annuity Due Basis, Residual Value Beginning Annual Lease Payment Plus Residual Value Interest on Lease Receivable Lease Receivable Recovery Lease Receivable of Year Initial PV