Three different lease transactions are presented below for Sheridan Enterprises. Assume that all lease transactions start on January 1, 2021. Sheridan does not receive title to the properties, either during the lease term or at the end of it. The yearly rental for each of the leases is paid on January 1 starting on January 1, 2021. Sheridan Enterprises prepares its financial statements using ASPE. Manufacturing Equipment Vehicles Office Equipment Lease term 5 years 6 years 3 years Estimated economic life Yearly rental payment 15 years 7 years 6 years $14,760 $15,967 $4,203 Fair market value of leased asset $105,370 $83,940 $18,750 Present value of lease rental payments $49,850 $76,467 $10,360 Which of the below leases are operating leases and which are capital leases? Manufacturing Equipment Vehicles Finance lease Operating lease Office Equipment Finance lease