The following facts are for a Inception date Annual lease payment due at the beginning of each year, starting July 1, 2017 Purchase option price at end of lease term reasonably certain to he exercised by Russell Lease term Economic Iife of leased equipment Lessor's cost Fair value of asset at uly 1, 2017 Lessur's implicit rate Lessee's incremental borrowing rate lease agreement between Oriole Corporation and Russell Corporation, a lessee July 1, 2017 20,721.3D 4,50D 5 years 10 years s 55,400 s 09,200 10% 10% The collect ty of the easeayments is reasonab predictable and there ara no important uncertainties about costs that have not vet been incurred by ha assor. The esse assumes responsibility or all e acutory costs. Hath Russe and Orin e usa FRS 6 Your answer is correct. Calculate the amaunt of the right c use asset and lease liability Round factor values to 5 decrmal places o.g-1.25 124 nd fnal answers to 2 decimal places e g 52.15 Amount 89200.1 LIST OF ACCOUNTS SHOW Your answer is incorret. Try again. Prepare a lease amortization schedule for the lease obligation for Russell Carporation for the five-year lease term. (Round answers to 2 decimal places, e.g.52.75.) Russell Corporation (Lessee) Annual Lease Payment Plus BPo Interest (1090) on Unpaid obligation Reduction of of Leasoe obligation