The following facts pertanto a non-cancelable tease agreement between Ivanhoe Leasing Company and Metrock Company, a lessee. June 1, 2020 $46,919.69 $12.200 4 years Commencement date Annual lease payment beginning with June 1, 2020 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment (no salvage value) Lessor's cost Fair value of asset at June 1, 2020 Lessor's implicit rate (known to lessee) 12 years $162,000 $181.999.99 696 Lessee's incremental borrowing rate 6 METLOCK COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Plus Date BPO Interest on Liability Reduction of Lease Liability Lease Llal 6/1/20 $ $ 6/1/20 6/1/21 6/1/22 6/1/23 5/31/24