its an intermediate accounting 2 question please slove it

Question N0: 01 Delta Airlines is planning to raise $47,000,000 on lO-year rate from the Swiss Bank at 5% interest rate under the RR of 10%. The borrowed money will be allotted to buy Boeing 737. Delta has another option to lease the Boeing 737 from the New York Lease Company. The New York Lease Company is willing to provide lease services under straight-line method with an RRR of 12% and economic life of 15 years. The salvage value is expected to be 0.12 CI and the annual maintenance cost of the Aircraft is anticipated to be 0.03 CI. Muired: 1. Based on the concept of the right and minimum lease payment for the leaser and the lessee, gure out the right (Lt) lease amount. 2. Based on the residual value concept, gure out the present value of the leased assets and the present value of lease payment from the leaser and the lessee perspectives. Question No: 03 Due to the macroeconomic factors prevailing in the Egyptian economy, Egypt Gas Corporation (EGC) has changed its inventory method from Average Cost to the FIFO method in 2019. EGC started its operations in January 2017. The share capital at the start-up was $1,000,000. Years 2017 2018 2019 Sales 4,000,000 4,500,000 5,000,000 Purchases (Net) 1,200,000 1,800,000 2,100,000 Operational Expenses 600,000 600,000 600,000 Cashflow from operations ? The inventory records under ACM and the FIFO could be presented as follows: ACM FIFO Difference Jan, 2017 0 Dec, 2017 900,000 940,000 Dec, 2018 1,400,000 1, 700,000 Dec, 2019 1,900,000 2, 100,000 The Cost of Goods Sold under ACM and FIFO method could be presented as follows: ACM FIFO Difference 2017 2,100,000 2, 150,000 2018 2,300,000 2,400,000 2019 3,200,000 3,500,000 Required: In line with the Retrospective Accounting Change method, develop a scenario on the effects of change from the ACM to FIFO method on income statement, balance sheet and the cashflow statement, provided that the company is operating business in the Free-zone.Question No: 02 Al Zabai and Gadi formed a partnership on food supply chain in the MENA region with initial investment of $980,000 on equal basis. The partnership was formed on March 1st, 2016. By the end of 2016, the partnership created 460,000 as short-term liabilities. The total assets by the end of 2016 was classified into 20% fixed assets and 80% current assets. The derived profit by the end of December 2016 was around $85,000. To meet expansion in food supply chain in the MENA region, Mr. Zafar joined the partnership with $350,000 share in new partnership. Mr. Zafar joined the partnership in January 2017 and left the partnership by the end of December 2017. In 2017, the liabilities soared to $760,000. Zero profit was the end result of its operation in 2017. In January 2018, Mr. Ahmed joined the partnership by injecting $600,000 after the partnership honored its obligations of 2016 and 2017. Mr. Ahmed brought success to the partnership by creating $350,000 net income in 2018. Liabilities in 2018 = 500,000. Required: 1. As a specialist, develop the financial reports of the concerned partnership throughout its economic life (March 2016 - 31st December 2018). 2. What type of advice and records will you adopt if the partnership opts for liquidation by the end of December 2018?Question No: 04 (Case Analysis) Part A Leasing (CLO 2) Part B Financial Reporting (CLO 4) Students have the option to answer either Part A or Part B. *DO NOT ATTEMPT BOTH PARTS* Part A Based on the FASB and the IASB capitalization criteria under accounting for leases, The Japanese Heavy Company and Parker Drilling Company have signed a leasing contract for Heavy Oil Drilling Machine of 7 years economic life. The lease contract is for 0.714 time of its economic life under 100% fair value which is around $25,000,000 and 10% residual value. Based on the right lease amount equation, $6,500,000 as a rental payment have to be honored at the beginning of each year. In line with the term of agreement, the lessee has to pay all the executory cost which is estimated to be $310,000. Coping with the government regulation, SLM will be adopted. The interest rate (6%) equals 60% of the RRR. Muired: 1. Compute the present value of the minimum lease payment from the leaser and the lessee perspective. 2. Develop lease amortization schedule on annuity-due basis for the leaser and the lessee