Thrillville has $40.2 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillvilles total assets are $80.2 million, and its liabilities other than the bonds payable are $10.2 million. The company is considering some additional financing through leasing.

Required: 1. Calculate total stockholders' equity using the balance sheet equation. (Enter your answer in millions rounded to 1 decimal place (i.e., $5,500,000 should be entered as 5.5).)

2. Calculate the debt to equity ratio. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5). Round ratio answer to 2 decimal places. Do not round intermediate calculations.)

3. The company enters a lease agreement requiring lease payments with a present value of $15.2 million. Record the lease. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5) rounded to 1 decimal place.)

\begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ Stockholders' Equity } \\ \hline & minus \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Transaction & General Journal & Debit \\ \hline 1 & & \\ \hline & & & \end{tabular} Debt to Equity Ratio \begin{tabular}{l|l|l|} Numerator/Denominator & Amounts \\ \hline \end{tabular}