The following facts are for a non-cancellable lease agreement between Ivanhoe Corporation and Russell Corporation, a lessee: July 1, 2020 $ 20.762.88 $ 3,900.00 5 years Inception date Annual lease payment due at the beginning of each year, starting July 1, 2020 Bargain purchase option price at end of lease term reasonably certain to be exercised by Russell Lease term Economic life of leased equipment Lessor's cost Fair value of asset at July 1, 2020 Lessor's implicit rate Lessee's incremental borrowing rate 10 years $ 59,400.00 $ 89,000.00 10% 10% 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 Ivanhoe use IFRS 16. Your answer is correct. Calculate the amount of the right-of-use asset and lease liability. (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 2 decimal places, eg. 52.75.) Amount 88999.68 i Prepare a lease amortization schedule for the lease obligation using a computer spreadsheet for Russell Corporation for the five-year lease term (Round answers to 2 decimal places, eg. 5275.) Russell Corporation (Lessee) Lease Amortization Schedule Annual Lease Date Payment Plus BPO Interest (10%) on Unpaid Obligation Reduction of Lease Obligation Balai of Le Oblig: 7/1/20 7/1/20 $ $ 7/1/21 $ 7/1/22 7/1/23 Plus BPO Obligation Obligation Obliga 7/1/20 7/1/20 $ 7/1/21 $ 7/1/22 7/1/23 7/1/24 6/30/25 $ $