YouTube x McGraw x Chapter X M McGraw X Chegg SX YouTube x C Werner X How to CX web.wha X + ezto.mheducation.com/hm.tpx Apps McGraw Hill Connect A lease agreement that qualifies as a capital lease calls for annual lease payments of $16,000 over a four- year lease term, with the first payment at January 1, the lease's inception. The interest rate is 5%. Assume the asset being leased cost the lessor $50,000 to produce. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine the price at which the lessor is "selling the asset (present value of the lease payments). PV factors based on Table or Calculator function: Lease Payment PVAD of $1 $ na i= 16,000 6 50% PV of Lease What would be the amounts related to the lease that the lessor would report in its income statement for the year ended December 31 (ignore taxes)? Date Cash Interest Received Interest Revenue Decrease in Balance Outstanding Balance $ 59,572 01/01/2016 01/01/2016 01/01/2017 Pretax impact on income related to the lease: Total pretax impact on income Type here to search 0 14C Reading list 4:28 PM 1/21/2022 20