4. Problem 19-04 (Financlal Statement Reporting for an Operating Lease) Financial statement Reporting for an Operating Lease Harmeling Paint Ball (HPB) Corporation netds a new air compressor that costs $90,000. HPB will need it for only 5 years even though the compressor's economic Ife is long enough so that the lease is an operating lease. The firm can lease the compressor for 5 years with $30,000 lease payments at the end of each year. HPB's cost of debc is 11%. Answer the following questions. (Mint: See Table 19.1.) a. What is she initial lease fability that must be reported on the balance sheet? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a nositive vatue. 5 b. What is the initial richt-of-use asset? Do not round intermediate calculations. Aound your answer to the nearest cent. 5 C. What will HPB rebort as the Year-1 lease expense? Round your answer to the nearest cent. Enter your answer as o positive value. s d. What is the Yearci imouted interest expense? Do not round intermediate calculations. Round vour answer to the nearest cent. Enter your answer as a positive value. s e. What lease liabiliv must be reported at Year 17 Do not round intermediate calculations. Hound your answer to the nearest cent, Enter your answer as a positive value. s 5