Ted Co. leases machinery to Nate Ltd, under a 4-year term. Nate Co. has the option to purchase the machinery the end of the lease term for $10,000, which is considered a bargain. The correct amortization schedule follows: D LE Lease Date payment Interest Principal reduction Balance 6 Jan. 1/20 $ 338,492 7 P1 Jan. 1/20 $ 90,000 $ $ 90,000 248,492 8 P2 Jan. 1/21 90,000 14,910 75,090 173,402 9 P3 Jan. 1/22 90,000 10,404 79,596 93,806 10 P4 Jan. 1/23 90,000 5,628 84,372 9,434 11 P4 Jan. 1/24 10,000 9,434 12 13 Nate Ltd. drafted the following presentation on its Statement of Financial Position at December 31, 2021: 14 Non-Current Liability 5 Lease liability 173,402 566 $ > = III A Cover Sheet Q1 Q2 03 13 14 15 16 Nate Ltd. drafted the following presentation on Its Statement of Financial Position at December 31, 2001: Non-Current Liability Lease fiability $ 173.402 REQUIRED: Prepare the correct lease presentation, with appropriate classification, to be presented on Ted Co's Statement of Financial Position at December 31, 2021. Select 1/. If the row is not needed. 17 10 Account name Classification Current Labilities Amount 19 20 Right-of-Use Asset Non-Current Liabilities 21 22 Lease liability $ 173,402