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The following facts pertain to a non- cancelable lease agreement between Alschuler Leasing Company and Flounder Electronics, a lessee, for a computer system. The collectibility

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The following facts pertain to a non- cancelable lease agreement between Alschuler Leasing Company and Flounder Electronics, a lessee, for a computer system. The collectibility of the lease payments is probable by the lessor. The asset will revert to the lessor at the end of the lease term. The straight line depreciation method is used for all equipment. The following amortization schedule has been prepared correctly for use by both the lessor and the lessee in accounting for this lease. The lease is to be accounted for property as a finance lease by the lessee and as a sales-type lease by the lessor. The following amortization schedule has been prepared correctly for use by both the lessor and the lessee in accounting for this lease. Thelease is to be accounted for properly as afinance lease by the lessee and as a sales-type lease by the lessor. 2) What items and amounts will appear on the lessee's balance sheet at September 30,2021 ? (3) What items and amounts will appear on the lessee's income statement for the year ending September 30,2022 ? (4) What items and amounts will appear on the lessee's balance sheet at September 30,2022

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