Questions On February 20, 2017, Windsor Inc. purchased a machine for $1,597,200 for the purpose of leasing it. The machine is expected to have a 10-year life, no residual value and will be depreciated on the straight line basis. The machine was leased to Sheridan Company on March 1, 2017, for a 4-year period at a monthly rental of $20,000. There is no provision for the rewwal of the base or purchase of the machine by the lessee at the expiration of the base term. Windsor paid $30,720 of commissions associated with negotiating the fease in February 2017 (a) What expere should Sheridan Company record as a result of the facts above for the year ended December 31, 2017 Rent Expense () What income or toe before income taxes should Windoor record a result of the facts above for the year ended December 31, 2017 det: Amortive commisers over the wheel the fease.) Income from lease before we LIT 10 TEXT Question Allem 8 of med