Note: GAAP stands for generally accepted accounting principles We can say that (show work) a) the initial operating liability will be approximately $16,339 and first year pre-tax GAAP expense due to the lease will be $6,000 in year one b) The first year operating liability will be approximately $16,730 and first year pre-tax GAAP expense due to the lease will be $6,000 in year one c) the initial operating liability will be approximately $16,339 and first year pre-tax GAAP expense due to the lease will be approximately $6.263 in year one. d) The first year operating liability will be approximately $16,730 and first year pre-tax GAAP expense due to the lease will be $6,413 in year one