The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties about costs that have not yet been incurred by the lessor. The lessee assumes responsibility for all executory costs. Both Russell and Carla Vista use IFRS 16. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. (b) Your answer is incorrect. Calculate the amount of gross investment at the inception of the lease. (Round answers to 2 decimal places, e.g. 52.75.) Calculate the amount of net investment at the inception of the lease. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places, e.g. 52.75.) Net investment eTextbook and Media List of Accounts Attempts: 1 of 2 used (d) Prepare a lease amortization schedule using a spreadsheet for Carla Vista for the five-year lease term. (Round answers to 2 decimal places, e.g. 52.75.) manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) (To record lease and cost of goods sold.) (To record interest.) (Collection of lease payment.) (To record interest.) (Collection of lease payment.) The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties about costs that have not yet been incurred by the lessor. The lessee assumes responsibility for all executory costs. Both Russell and Carla Vista use IFRS 16. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. (b) Your answer is incorrect. Calculate the amount of gross investment at the inception of the lease. (Round answers to 2 decimal places, e.g. 52.75.) Calculate the amount of net investment at the inception of the lease. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places, e.g. 52.75.) Net investment eTextbook and Media List of Accounts Attempts: 1 of 2 used (d) Prepare a lease amortization schedule using a spreadsheet for Carla Vista for the five-year lease term. (Round answers to 2 decimal places, e.g. 52.75.) manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) (To record lease and cost of goods sold.) (To record interest.) (Collection of lease payment.) (To record interest.) (Collection of lease payment.)