The Ellis Corporation has heavy lease commitments. A new vice-president wants the lease obligations footnoted in the balance sheet as follows: Use Appendix D. ELLIS CORPORATION ($ millions) Current assets $60 Current liabilities $20 Capital assets 60 Long-term liabilities 30 Total liabilities $50 Sharesholders' equity 70 Total assets $120 Total liabilities and equity $120 The footnotes would state that the company had $12 million in annual capital lease obligations over the next 20 years. Lease payments