please answer all parts

Case 13-5 Variable Lease Payments Part 1 Lease Payments Tied to An Index associated with the building during the lease term. Real Bronx Company enters into an agreement with Brooklyn estate taxes are expected to be $25,000 for the first year of Company to lease office space for a term of 60 months. Lease the lease payments during the first year of the lease are $20,000 per month Each year, Icase payments increase by an amount equivalent to Required: the percentage increase in the Consumer Price Index (CPI). For What are the lease payments for purposes of classifying the example, if the CPI increases by 2%, Icase payments during lease? year 2 of the lease would increase 2% to $20,400 per month. 16 Part 3 Lease Payments Tied to Fair Market Value the CPI decreases or remains consistent, lease payments remain Manhattan Company enters into a five-year noncancelable at the rate in effect during the previous year. office lease with Yonkers Company. The lease contains a five Required: year renewal option that Manhattan Company is reasonably certain to exercise. The lease payments are fixed at $200,000 What are the lease payments for purposes of classifying the annually for each of the first five years. The annual lease lease? payments for the renewal option will be set at the beginning Part 2 Real Estate Taxes of the renewal period based upon the fair market rent at the beginning of the renewal period. Queens Company and Staten Company enter into a 10-year lease of an office building for fixed annual lease payments Required: of $90,000. According to the terms of the lease agreement What are the lease payments for purposes of classifying the Queens Company is required to pay all real estate taxes Jease