Riverbed Inc. manufactures an X$-$ray machine with an estimated life of $12$ years and leases it to Chambers Medical Center for a period

of $10$ years. The normal selling price of the machine is $$461,379,$ and its guaranteed residual value at the end of the non$-$cancelable

lease term is estimated to be $$14,600.$ The hospital will pay rents of $$55,800$ at the beginning of each year. Riverbed incurred costs of

$$257,000$ in manufacturing the machine and $$14,800$ in legal fees directly related to the signing of the lease. Riverbed has determined

that the collectibility of the lease payments is probable and that the implicit interest rate is $5\%.$

Discuss the nature of this lease in relation to the lessor.

The nature of this lease in relation to the lessor is

Compute the amount of each of the following items. $($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and the

final answers to $0$ decimal places, e$.$g$.5,275.)$

$(1)$ Lease receivable at commencement of the lease $

$(2)$ Sales price

$

$(3)$ Cost of sales