1) Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $20 million. The lease payments were calculated to earn the fair value of the computers. This noncancelable lease had the following terms: Lease payments: $3,311,766 semiannually; first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025. e Lease term: 5 years (10 semiannual payments). e No residual value; no purchase option. e Economic life of equipment: 5 years. e Implicit interest rate and lessee's incremental borrowing rate: 16% e Fair value of the computers at January 1, 2021: $24 million. What is the outstanding balance of the lease liability in Lone Star's June 30, 2021, balance sheet? (Round your answer to the nearest whole dollar.) None of these answer choices is correct. $18,631,536. $19,031,527. $24,000,000. On January 2, 2021, Nori Mining Co. (lessee) entered into a 5-year lease for drilling equipment. Nori accounted for the acquisition as a finance lease for $271,200, which includes a $11,200 purchase option at the end of the lease. Nori is reasonably certain to exercise the purchase option. Nori estimates that the equipment's fair value will be $22,400 at the end of its 8-year life. For the year ended December 31, 2021, what amount should Nori recognize as amortization expense on the right-of-use asset? O $31,100 O $33,600 O $54,240 O $52,000