Use the following to answer questions 19-24: Annuity tables on page 21-30.) in the Textbook On January 1, 2018, Yancey, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Holt Warehouse Company. Collectibility of lease payments is reasonably predictable and no important uncertainties surround the amount of costs yet to be incurred by the lessor. The following information pertains to this lease agreement. (a) The agreement requires equal rental payments at the beginning each year. (b) The fair value of the building on January 1, 2018 is $6,000,000; however, the book value to Holt is $4,950,000. (o) The building has an estimated economic life of 10 years, with no residual value. Yancey depreciates similar buildings on the straight-line method. (d) At the termination of the lease, the title to the building will be transferred to the lessee (e) Yancey's incremental borrowing rate is 11% per year.Holt warehouse Co. set the annual rental to insure a 10% rate of return. The implicit rate of the lessor is known by Yancey, Inc. (O The yearly rental payment includes S15,000 of executory costs related to taxes on the property 19. What is the amount of the minimum annual lease payment? (Rounded to the nearest dollar.) A) S272,703 B) $872,703 C) $887,703 D) $902,703 20. What is the amount of the total annual lease payment? A) $272,703 B) $872,703 C) $887,703 D) $902,703 21. From the lessee's viewpoint, what type of lease exists in this case? A) Sales-type lease B) Sale-leaseback C) Capital lease D) Operating lease 22. From the lessor's viewpoint, what type of lease is involved? A) Sales-type lease B) Sale-leaseback C) Direct-financing lease D) Operating lease