Note: Complete the entire question in Ercel and format each answer to two decimsl places. Then enter the answers into the provided spsecs below with two decimal plsces.

Explain how the facts support the classification of the lease as an operating lease.

b$.$ Determine the amount of the icase lability that CCH will add to its balance sheet at the inception of the lease.

Amount of lease liability

c$.$

What amount will be added to the balance shoet as an assec?

Amount added as an assat

What will CCH Corporation call the asset on the balanee sheeti

d$.$ Prepore a lese amortization schedule thot shows the interest and principal portions of each iesec payment.

Note: For cach account category, indicate the appropriste account name. Enter $"$N$/$A$"$ for ary account category that is not used for a given transaction.

Note: Indicate a decrease in an account category by Including a negative sign with the amount.

f$.$ At the end of the current year, what sdditional dlsclosure would CCH make in its footnotes pertaining to the four remsinling icase payments?