Question: please, answer the question below. 30 Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of

please, answer the question below.

30 Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 8% was $58,000. Ten annual lease payments of $8,000 are due each year beginning July 1, 2021. Smith Co. had constructed the equipment recently for $53,000, and its retail fair value was $58,000. 4 points What amount did Smith Co. record in its income statement for the reporting year ending December 31, 2021, in connection with the lease? (ignore taxes.) Multiple Choice 30 $9.000 points Skipped O $5,000. O $2,000. $7,000. O

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