20.6- 4. na BE 15-5 Finances e statement offects A lease a agreement that gus t a lase payments of 320.200 OVO year fonso Term Ca s tu e rat payment at January 1. the beginning of the loaseThe interest E P F A1PNA O SI EVAD O 31 and WAD 2 Use appropriate actors) from the tables provided.) Required: a. Determine the present value of the lease upon the tease's inception b. Create a partial amortization through the first payment on January 1 2017 C. If the lessee's fiscal year is the calendar year what would be the pretexounts related to the lease that the lessee would report in its income statement for the first year ended December 31 ember 2140000-20126475 El PV factors based on Table or Calculator PVAD of $1 Lease payment N= 6 Years 1= 5 5.0% PV of Lease 267269 X5.32446 N=6 years I 5% PVAD = 5132948 Lease Effective Interest Decrease in balance outstanding balance Payment Date Date 01/01/2016 1/01/2016 1/01/2017 29, 620 -zawoon No,000 loteary 10,000/year=234333 291620 Total expans Retagnes. earning