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Question 27 Skyson Corporation manufactures replicators. On January 1, 2017, it leased to this Company a replicator that had cost $110,300 to manufacture. The lease

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Question 27 Skyson Corporation manufactures replicators. On January 1, 2017, it leased to this Company a replicator that had cost $110,300 to manufacture. The lease agreement covers the year useful life of the replicator and requires sur annual rentals of $38,400 payable each January 1, beginning January 1, 2017. An interest rate of 129 is implicit in the lease agreement. Collectibility of the rentals is reasonably sured, and there are no important uncertaintes concerning costs Prepare Skysong's January 1, 2017, Journal entries. (Credit accountles are automatically indented when amount is entered. Do not inden manually. It ne entry is required select "entry the files and enter for the amounts Round present value factor calculations to decimal places, e.. 1.25124 and the final answer to decimal places 1.) Click here to view factor tables Date Account Titles and explanation January 1, 2017 (Te record the January 1, 2017 January 1, 2017

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