Show Work is Manufacturing Company leased a prece of nonspecialized machinery for use in its operations from The present of the eve n ts ning 11% and the asset's fair value on the date the lesse is signed mock Leasing on January 1. The Byear lease requires lease payments of $4300 de on Jawy 1 of each both equal $24300 H both equal $24303 H ocker ock pudar oc o cure the equipment the day before lease commencement. The h m e d The machinery is estimated to have a 8-year life, is deprecated on the steaghline method, and will have no lessor's implicit rate of 11.4% is known to Hums Collection of all lease payments is reasonably assured dual value at the end of the lease bem Prepare Hums Manufacturing's journal entries at the commencement of the lease and at the end of the first year egin by classifying the lease agreement for Harris Manufacturing dentity any of the Group Interia that Hamis meets (Select all that apply) Group C 1. The lease transfer ownership to the lessee at the end of the besedem 2. The lesson is given an option to purchase the asset that the lesses reasonably certain to exercise 3. The lease term is for a major part of the economice of the asset 14. The present value of the sum of the lease payments and any resid e the lessee quarantees to pay that is not otherwise included in the 5. The leased asset is of a specialized nature 6. The lease does not meet any Group I lease entera payment) is equal to substantially all of the asser's fair value This is a lease for the lessoe s Manufacturing) because of the Group I criteria sare) met Enter any number in the edities and then continue to the next question O 09:43 SAMSUNG w