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The Harris Company is the lessee on a four-year lease with the following payments at the end of each year $15, 500 $20, 500 $25,

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The Harris Company is the lessee on a four-year lease with the following payments at the end of each year $15, 500 $20, 500 $25, 500 $30, 500 Year 1: Year 2: Year 3: Year 4: An appropriate discount rate is 7 percentage, yielding a present value of $76.475 a-1. If the lease is an operating lease, what will be the initial value of the right-of-use asset? Initial value of the right-of-use asset a-2. If the lease is an operating lease, what will be the initial value of the lease liability? Initial value of the lease liability a-3. If the lease is an operating lease, what will be the lease expense shown on the income statement at the end of year 1? Lease expense a-4. If the lease is an operating lease, what will be the interest expense shown on the income statement at the end of year 1? (Leave no cells blank-be certain to enter "O" wherever required.) Interest expense a-5. If the lease is an operating lease, what will be the amortization expense shown on the income statement at the end of year 1? (Leave no cells blank- be certain to enter "0 wherever required.) Amortization expense b-1, If the lease is a finance lease, what will be the initial value of the right-of-use asset? Intal value of the right of use asset b-2. If the lease is a finance lease what will be the initial value of the lease liability? Initial value of the lease lablity b-3, If the lease is a finance lease, what will be the lease expense shown on the income statement at the end of year 1? (Leave no cells blank-be certain to enter "0" wherever required.) Lease expense b-4, If the lease is a finance lease, what will be the interest expense shown on the income statement at the end of year 1 (Round your answer to the nearest dollar amount.) Interest expense b-5. If the lease is a finance lease, what will be the amortization expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.) Amortizabon experse

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