f$)$ On January $1,2022,$ Fall Company leased some equipment for $$250,000.$ They made the first of five payments of $$57,976$ on that day. The bookkeeper incorrectly recorded the transaction as follows on January $1$:

Lease expense $$57,976$

Cash $$57,976$

g$)$ Accrue annual interest expense on the lease in $($f$)$ at $8\%.$

h$)$ Amortize the lease in $($f$)$ over five years.Fall Corporation's capital structure consists of $500,000$ authorized shares of common stock, of which $100,000$

have been issued and are still outstanding. At December $31,2022,$ an analysis of the accounts and discussions

with company officials revealed the following information: