Exercise 10-8 . financial statement impact on a lease. please answer and explain 1 and 2 from exercise 10-8.

FS 10-6 Redemption of a Bond wine crned at their maturity date, March 31, 2027 em that the last interest payment and the amortization of the discount have already been calculate the gain or loss on the redemption of the bonds on March 31, 2027. Identify naze the effect of the redemption of the bonds. Exercise 10-7 Leased Asset Myyer Corporation signed a ten-year capital lease or finance lease on January 1, 2017. The lease wires annual payments of $8,000 every December 31. Assuming an interest rate of 10%, calculate the present value of the minimum lease payments. Explain why the value of the leased asset and the accompanying lease obligation are not Exercise 10-8 Financial Statement Impact of a Lease Benjamin's Warehouse signed a six-year capital lease or finance lease on January 1, 2017, with EXAMPLE reported on the balance sheet initially at $80,000. puments due every December 31. Interest is calculated annually at 10%, and the present value of Maturity ST. 2017. Sammonds Inc issued $250,000 face value bonds at a discount of 57.000 LOS EXAMPLE 10-5 enstant (C) as the wowired LO7 EXAMPLE 10-8 of 8%. They assume that Required LO7 Show he minimum lease payments is $13,065. Required 1 Calculate the amount of the annual payment that Benjamin's must make every December 31, 2. Calculate the amount of the lease obligation that would be presented on the December 31, 2019, balance sheet (after two lease payments have been made). Exercise 10-9 Leased Assets LOZ Koffman and Sons signed a four-year lease for a forklift on January 1, 2017. Annual lease pay EXAMPLE 107 10-8 maomber 31 beginning