Your answer is incorrect. Try again. leased a new crane to Bridgeport Construction under a S-year noncancelable contract starting January 1, 2017. Terms of the lease require payments of $35,600 each January 1, starting January 1, 2017. Shamrock will pay insurance, taxes, and maintenance charges on the crane, which has crane is expected to be $46,300 at the end of the lease term. No bargain-purchase or an estimated life of 12 years, a fair value of $244,800, and a cost to Shamrock of $244,800. The estimated fair value of the -renewal options are included in the contract. Both Shamrock and Bridgeport adjust and close books annually at December 31. Collectibility of the lease payments is reasonably certain, 896 is known to Bridgeport. (b) Prepar uncertainties exist relative to un reimbu sable essor costs. Bridgeport's incremental borrowing rate is 9% and Shamrock's miciti terest rate or d re all the entres related to the lease contract and leased asset for the year 2017 for the lessee and lessor, assuming the following amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter o for the amounts.) (1) Insurance $530 (2) Property taxes $2,150. (3) Maintenance and repairs $600. (4) Straight-line depreciation and salvage value $15,300