During fiscal 2007, the SUPERVALUE grocery chain paid approximately $569 million on its lease contracts-$168 million on

Question:

During fiscal 2007, the SUPERVALUE grocery chain paid approximately $569 million on its lease contracts-$168 million on capital leases and $401 million on operating leases.
(a) How did the operating lease payments affect the income statements, balance sheet, and statement of cash flows?
(b) How did the capital lease payments affect the income statements, balance sheet, and statement of cash flows?
(c) Discuss whether SUPWEVALUE is practicing off-balance-sheet financing.