The following facts pertain to a noncancelable lease agreement between Concord Leasing Company and Marigold Company, a lessee Inception date Annual lease payment due at the beginning of May 1, 2017 $21,751.90 $3,700 each year, beginning with May 1, 2017 Bargain-purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost Fair value of asset at May 1, 2017 Lessors implicit rate Lessee's incremental borrowing rate 5 years 10 years $67,000 $93,000 10% 10% The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties surrounding the costs yet to be incurred by the lessor. The lessee assumes responsibility for all executory costs Compute the amount of the lease receivable at the inception of the lease. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and Round answers to 2 decimal places, e.g. 16.25. Lease receivable at inception SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a lease amortization schedule for Concord Leasing Company for the 5-year lease term. (Round answers to 2 decimal places, e.g. 16.25.) Lease Annual Lease Payment Plus Interest on Le se Recovery of Lease Date BPO Receivable Lease Receivable 5/1/20 5/1/21 4/30/22