Current Attempt in ProgressLease 1 does not contain a bargain purchase option, but the lease term is equal to 90 percent of the estimated economic life of the leased property. Lease 2 does not transfer ownership of the property to the lessee by the end of the lease term, but the lease term is equal to 75 percent of the estimated economic life of the leased property. How should the lessee classify these leases under ASPE?Lease 1Lease 2Capital leaseCapital leaseOperating leaseCapital leaseCapital leaseOperating leaseOperating leaseOperating leaseLast saved 1 second ago.Attempts: 0 of 1 usedSaved work will be auto-submitted on the due date.Auto-submission can take up to 10 minutes.