Questions 10pts On January 1, 2018, AFS loased equipment from Pearson Corporation over at your love the loose agreement quis as a finance to The loase agreement specifies five annual payments of $20,515 beginning January 1, 2018, the beginning of the was, and teach December 31 thoration through 2021 The present value of the payments is 590,000 The asset's useful life is 6 years. The interest rate is 7% Propare ALL 2018 entries required by AS to be made on this louse. The journal entry is to be made in proper form, lobol your DICE b. Affor recording the 2018 entries, what amount will AFS report as its lease ability Show the support for your c. How will this lease impact AFS's carings? Will camings increase or decrease and by what amount? Again, show support for your