signment CALCULATOR FULL SCREEN PRINTER VERSION The following facts pertain to a non-cancelable lease agreement between Mooney Leasing Company and Rode Company, a lessee May 1, 2017 E Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2017 $20,471.94 $4,000 Bargain purchase option price at end of lease term Lease term 5 years Economic life of leased equipment 10 years $65,000 $91,000 Lessor's cost Fair value of asset at May 1, 2017 Lessor's implicit rate Lessee's incremental borrowing rate 8% 8% The collectibility of the lease payments by Mooney is probable. Compute the amount of the lease receivable at commencement of the provided and round answer to 2 decimal places, e.-g. 5,27s.15.) lease. (For calculation purposes, use 5 decimal places as displayed in the factor tab Lese receivable at commencement TOTEXT LNK TO Version 1 .2000-2018Johny ileya SonsLnE All Rights Reserved. A Division of Jonnynie.& Sons. Inc. ent i Povac.Poky 8884 signment CALCULATOR FULL SCREEN PRINTER VERSION The following facts pertain to a non-cancelable lease agreement between Mooney Leasing Company and Rode Company, a lessee May 1, 2017 E Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2017 $20,471.94 $4,000 Bargain purchase option price at end of lease term Lease term 5 years Economic life of leased equipment 10 years $65,000 $91,000 Lessor's cost Fair value of asset at May 1, 2017 Lessor's implicit rate Lessee's incremental borrowing rate 8% 8% The collectibility of the lease payments by Mooney is probable. Compute the amount of the lease receivable at commencement of the provided and round answer to 2 decimal places, e.-g. 5,27s.15.) lease. (For calculation purposes, use 5 decimal places as displayed in the factor tab Lese receivable at commencement TOTEXT LNK TO Version 1 .2000-2018Johny ileya SonsLnE All Rights Reserved. A Division of Jonnynie.& Sons. Inc. ent i Povac.Poky 8884