On October 1, 2019, Wenke Corp signs a lease to use a piece of equipment for seven years. The lease requires Wenke to make seven payments of $27,865 the first of which is on October 1, 2019, the date the lease is signed. Wenke’s market interest rate is 9 percent. What is the lease liability that will be created on Oct 1, 2019? What will determine if this is a capital lease or an operating lease? What asset (if any) is created if this is a capital lease? What asset (if any) is created if the lease is an operating lease?