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QUESTION 2 Murphy Co.'s annual report contained the following footnote disclosure concerning amounts to be paid with respect to its operating leases at the end

QUESTION 2 Murphy Co.'s annual report contained the following footnote disclosure concerning amounts to be paid with respect to its operating leases at the end of 2020: 2021 $ 16,040 2022 16,920 2023 15,440 2024 15,360 2025 13,000 After 2025 5.040 Total lease payments $81.800 There are no lease payment obligations scheduled after 2026, Estimate the lease liability recognized on the balance sheet for Murphy Co, at the end of 2020 assuming a 6% interest rate? $ 68,588 $ 72,704 $ 81,800 O $ 64,473

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