QUESTION 24 (5 points) Jones Company recently leased an asset to another company. The lease has a guaranteed residual of $69,875, which is equal to the expected residual value at the end of the lease. The present value of the lease payments are $975,081 and the present value of the residual is $43,840. How much will Jones Company record as its initial net investment in lease or lease receivable? (10 20 & 22) $1,044,956 $1,018,922 $975,081 $931,241