Reporting a Finance Lease Pier10 Inc. entered into a 5-year lease and recorded a right-of-use asset and lease liability of $140,800 on January 1, 2020. Pier10 Inc. was aware of the lessor's implicit rate of interest of 5%. The equipment under lease had an estimated 5-year useful life with no residual value. The first lease payment of $30,973 was due upon commencement of the lease. Show the balance sheet presentation on December 31, 2020, and the income statement presentation for the year ended December 31, 2020. Note: List accounts in alphabetical order. Note: Round your answers to the nearest whole dollar. Note: Do not use negative signs with your answers. December 31, 2020 Balance Sheet Assets Noncurrent Assets $ Liabilities Current liabilities $ Noncurrent liabilities $ 2020 Income Statement Expenses $ $