that a t's use sor's fis A lease agreement that qualifies as a finance lease calls for annual lease payments of $20,000 over a five-year lease term (also the asset's useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 5%. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) points t that It's use cal ye A Print Required: a. Determine the present value of the lease upon the lease's inception. b. Create a partial amortization through the first payment on January 1, 2017. c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended December 31 (ignore taxes)? ws. Complete this question by entering your answers in the tabs below. Required A Required B Required C that et's us sor's Create a partial amortization through the first payment on January 1, 2017. (Enter alla answers to nearest whole number.) Effective Interest Decrease in balance Outstanding balance Date 01/01/2016 01/01/2016 01/01/2017 GROW c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended December 31 (ignore taxes)? Complete this question by entering your answers in the tabs below. Required A Required B Required C If the lessee's fiscal year is the calendar year, what would be the pretax amounts relate report in its income statement for the first year ended December 31? (Round your ansv Impact on pretax income related to the lease: Interest expense Amortization expense Total expenses ( Required B