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Refer to Problem 2. Lagatha's earnings rate is 6%. This lease is considered a sale of goods costing $75,000. Given that the residual value is

Refer to Problem 2. Lagatha's earnings rate is 6%. This lease is considered a sale of goods costing $75,000. Given that the residual value is guaranteed, determine the price from the sale. Record the sale and the first payment on January 1, 2023. Prepare an amortization table for the lease below using the tables from Chapter 6.

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