Question 2 Not yet answered Marked out of 1 p Flag question On January 1, 2017, Zingo Company signed a contract to lease Bingo Company an equipment has a useful life of 6 year and salvage value of $3000. According to term of contract Bingo should pay annual payment of $8,000 to Zingo, and discount rate is 9% Assuming the salavge is unguaranteed and payment is at beginning of each year, compute the leased payable and leased recievable should be recorded in Zingo and Bingo companies on January 1, 2017? a. Leased paybale $33,918, Leased Receivable $35,868. O b. Leased Payable $33,918, Leased Receivable $33,918. O c. Leased Payable $35,868, leased Receivable $35,868