The following facts pertain to a non-cipcellable lease agreement between Woodhouse Leasing Cornoratinn and chaffield Electre Ltd. a lessee. for a comnutanmwan-. The collectibility of the lease payments is reasonably predictable, and there are no important uncertainties about costs that have n yet been incurred by the lessor. Sheffield Electronics L.d., the lessee, assumes responsibility for all repairs and maintenance costs, which amount to $2,500 per year and are to be paid each October 1 , beginning October 1,2020 , by the lessee directly to the suppli 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 for the lease obligation has been prepared correctly for use by both the lessor and thin inssee i accounting for this lease using ASPE. The lease is accounted for properly as a capital lease by the lessee and as a direct financif s leas by the lessor. Assuming that Sheffield Electronics' accounting period ends on September 30 , answer the following questions with respect lease agreement. (Round answers to 0 decimal places, e.g. 5.275.) 1. What items and amounts will appear on the lessee's income statement for the year ended September 30,2021 ? 2. What items and amounts will arrmand 3. What items and amounts will appear on the lessee's income statement for the year ended September 30,2022 4. What items and amounts will appear on the lessee's balance sheet at September 30,2022 ? Assuming that Sheffield Electronits' haccounting period ends on December 31 , answer the following questions with respect lease agreement. (Round answers to 0 decimal places, e.g. 5, 275.) 1. What items and amounts will appear on the icssee's income statement for the year ended December 31,2020 ? 2. What items and amounts will appear on the lessee's balance sheet at December 31,2020 ? 3.Whatitems and amounts willappear on the lessee's income statement for the year ended December 31,2021? 4. What items and amounts will appear on the lessee's balance sheet at December 31,2021