$($a$)$

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Compute the amount of the lease receivable at commencement of the lease. $($For calculation purposes, use $5$ decimal places as

Lease receivable at commencement $

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$($b$)$

Prepare a lease amortization schedule for Mooney for the $5-$year lease term. $($Round answers to $2$ decimal places, e$.$g$.5,275\mathrm{.}15.)$

$($c$)$

Prepare the journal entries to reflect the signing of the lease agreement and to record the receipts and income related to this

lease for the years $2020$ and $2021.$ The lessor's accounting period ends on December $31.$ Reversing entries are not used by

$($d$)$

Suppose the collectibility of the lease payments was not probable for Mooney. Prepare all necessary journal entries for the

company in $2020.($Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to $2$

decimal places, e$.$g$.5,275\mathrm{.}15.)$