Question 15 Save A 15 points On January 1, 2022. Park Industrial loased equipment from Rochester Leasing for a four-year period ending December 31, 2022, at which time possession of the leased asset will revert back to Rochester. The equipment cost Rochester $412.184 and has an expected economic life of five years. Rochester expects the residual value at December 31, 2022, will be $50,000. Negotiations led to the lessee guaranteeing a $70.000 residual value Equal payments under the lease are $100,000 and are due on December 31 of each year with the first payment being made on December 31, 2022. Park is aware that Rochester used a 5% interest rate when calculating lease payments Required: Round your answers to the acarest whole dollar amounts a. Identify the type of the lease from lessee and lessor point of view. b. Prepare the amortization for the lessee and lessor for 2022. Present value of $1: n 4,5% 2270 Present value of an ordinary annuity of $1: n=4,5%-3.54595 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 10pt I. 36 B