Please answer BE 15-3 and BE 15-4. *Note: Please explain the formula to calculate the result numbers. Thank you!

BE 15-3 Lessee and lessor, calculate interest; finance/sales-type lease LO15-2 A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July 1, the beginning of the lease. The annual interest rate is 8%. Both the present value of the lease payments and the cost of the asset to the lessor are $150.000. What would be the amount of interest expense the lessee would record in conjunction with the second quarterly payment on October 1? What would be the amount of interest revenue the lessor would record in conjunction with the second quarterly payment on October 1? BE 15-4 Finance lease; lessee; balance sheet effects LO15-2 (Note: Brief Exercises 4.5. and 6 are three variations of the same basic situation.) A lease agreement that qualifies as a finance lease calls for annual lease payments of $26.269 over a six-year lease term (also the asset's useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 5%. If the lessee's fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable