Walmart Incorporated is the world's largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements revealed the following information: Required: 1. The net asset "Finance lease right-of-use assets, net" has a July 31,2020 balance of $4,843 milion. Liabilities for these leases total $5,222($549+$4,673). Why do the asset and liability amounts differ? 2. Prepare a journal entry that summarizes Walmart's finance lease payments for the twelve months ended July 31,2020 Walmart's income statement reports finance lease interest of $331 million. Complete this question by entering your answers in the tabs below. The net asset "Finance lease right-of-use assets, net" has a July 31,2020 balance of $4,843 million. Labilities for these leases tot: $5,222($549+$4,673). Why do the asset and liability amounts differ? Complete this question by entering your answers in the tabs below. The net asset "Finance lease right-of-use assets, net" has a July 31,2020 balance of $4,843 million. Liabilities for these leases tota $5,222($549+$4,673). Why do the asset and liability amounts differ? Why do the asset and liability amounts difer? Prepare a journal entry that summarizes Walmart's finance lease payments for the twelve months ended July 31, 2020. Waimart's income statement reports finance lease interest of $331 million. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer millions (1.e., 10,00,000 should be entered as 10). Journal entry worksheet