Question 3 Assume a finance lease. Indicate if the lessee or the lessor will be recording amortization expense and interest revenue. Not yet answered Points out of 2.00 P Flag question Select one: O a. Lessee records amortization expense, lessor records interest revenue O b. Lessor records amortization expense, lessee records interest revenue O c. The lessor records both amortization expense and interest revenue O d. The lessee records both amortization expense and interest revenue Question 4 Brooks Company leases a machine from Chalon Company on 1/1/23. Given: Not yet answered Points out of 2.00 P Flag question Asset FMV $100,000 Asset Book Value $85,000 January 1 payments Guaranteed Salvage Value $10,000 Lessee expected salvage value $6,000 Implicit and incremental rates 5% Five-year lease; five-year asset FINANCE LEASE Compute the amount of the January 1 payments Select one: O a. $21.997.60 O b. $20,274.02 O c. $16,974.45 O d. $20,963.46 O e. $19,059.76