Can you please explain the right answer for this 3 question.

ezto.mheducation.com MyCourses@CCSU - Blackboard Learn Connect Course Hero (Back This window shows your responses and what was marked correct and incorrect from your previous attempt. 4 Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2021. International Machines manufactured the equipment at a cost of $99,000. Manufacturers Southern's fiscal year ends December 31. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1.36/1.42 Related Information: Lease term 2 years (8 quarterly periods) points awarded Quarterly rental payments $16, 700 at the beginning of each period Economic life of asset 2 years Scored Fair value of asset $126, 890 Implicit interest rate 6% Required: 1. Show how International Machines determined the $16,700 quarterly lease payments. 2. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2021, and the second lease payment on April 1, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Show how International Machines determined the $16,700 quarterly lease payments. (Round your intermediate and final answers to the nearest whole dollar. Round your percentage answer to 1 decimal place.) PV factors based on Table or Calculator function: PVAD of $1 PV of Lease $ 126,890 n = B 2.0% X Lease Payment $ 16,700 Required 1 Required 2 > A ezto.mheducation.com MyCourses@CCSU - Blackboard Learn Connect Homework Help - Q&A from Online Tutors - Course Hero CH 15 Homework i Saved Help Save & Exit Submit You received partial credit in the previous attempt. View previous attempt 5 King Company leased equipment from Mann Industries. The lease agreement qualifies as a finance lease and requires annual lease payments of $39,128 over a eight-year lease term (also the asset's useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 7%. The asset being leased cost Mann $200,000 to produce. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD 1.42 of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) points Required: 1. Determine the price at which the lessor is "selling" the asset (present value of the lease payments). 2. What would be the amounts related to the lease that the lessor would report in its income statement for the year ended December eBook 31 (ignore taxes)? Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Determine the price at which the lessor is "selling" the asset (present value of the lease payments). (Round your intermediate and final answers to the nearest whole dollar.) PV factors based on Table or Calculator function: PVAD of $1 Lease Payment $ 250,000 8 i= 7.0% PV of Lease Payments $ 39,128 Required 1 Required 2 > Mc Graw ducation ezto.mheducation.com MyCourses@CCSU - Blackboard Learn Connect Homework Help - Q&A from Online Tutors -. On January 1, 2021, Nath-Langstrom Servi.. On January 1, 2021, Nath-Langstrom Servi.. +