Question: How do I calculate the ROU Asset , Lease Liability, Amortization Expense , and Interest Expense in the spreadsheet below? Assuming there is no tax

How do I calculate the ROU Asset, Lease Liability,Amortization Expense, and Interest Expense in the spreadsheet below? Assuming there is no tax and gross profit at a constant $650,000/year.

Year 1 formulas:

ROU Asset: C8 = B8-C21

Lease Liability: C12 = B12-(C3-C23)

Amortization Expense (Straight Line): C21 = B12/5

Interest Expense: C23 = B12*0.7%

How do I calculate the ROU Asset , Lease

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