TB MC Qu. 15-65 (Algo) BBB Leasing purchased a machine for... BBB Leasing purchased a machine for $320,000 and leased it to Jack Tupp Auto Repair on January 1, 2024. Lease description: Quarterly rental payments Lease term No residual value; no BPO Economic life of machine Implicit interest rate Fair value of asset Multiple Choice What is the balance in the lease payable account after the April 1, 2024, lease payment? O O $419,557 $287,330 $20,454 at beginning 5 years (20 quarters) $311.762 5 years 11% $320,000

a) $419,557

b) $287,330

c) $311,762

d) $299,546

TB MC Qu. 15-65 (Algo) BBB Leasing purchased a machine for... BBB Leasing purchased a machine for \\( \\$ 320,000 \\) and leased it to Jack Tupp Auto Repair on January 1, 2024. What is the balance in the lease payable account after the April 1, 2024 , lease payment? Multiple Choice \\( \\$ 419,557 \\) \\( \\$ 287,330 \\) \\( \\$ 311762 \\)