Analyzing and Interpreting Lease Note Disclosures Dick$$s Sporting Goods reports the following items in its recent balance sheet. $ thousands Current Year Prior Year Noncurrent assets Operating lease assets $$2,138,366$ $$2,044,819$ Current liabilities Operating lease liabilities $546,755480,318$ Noncurrent liabilities Long$-$term operating lease liabilities $2,117,7732,099,146$ The lease note disclosed the following supplemental cash flow information. $ thousands Current Year Cash paid for operating lease liabilities $$615,772$ Non$-$cash operating lease assets obtained in exchange for operating lease liabilities $$558,779$ a$.$ What is the most likely asset that the company leases with its operating leases? Answer $1$ Retail Space b$.$ Determine the total amount of lease liabilities on the balance sheet in the current year. $ thousands Answer $22,664,528$ c$.$ Which of the following best explains why the amount of total lease liabilities differs from the leased assets on the balance sheet? Answer $33.1.$ The liabilities are larger than the assets which means that the lease discount rate is lower than the amortization rate. $2.$ The liabilities are larger than the assets which means that there were no upfront lease costs added to the right$-$of$-$use asset at lease inception. $3.$ The liabilities are larger than the assets which means that the company is paying off the liability more slowly than it is amortizing the right$-$of$-$use assets. $4.$ The liabilities are smaller than the assets which means that the company is paying off the liability more quickly than it is amortizing the right$-$of$-$use assets. d$.$ What amount did the company capitalize as new operating leases during the year? $ thousands Answer $4558,779$ e$.$ If the company$$s weighted averaged is count rate for operating leases is $5\mathrm{.}64\%,$ what will the company record as interest expense on the newly capitalized leases, in the next fiscal year?