please please help me I dont get it. I need to pass the class

28,000 22. (26 points) Santos Corp. is a manufacturer of truck trailers. On January 1, 2018, Santos Corp leases ten (10) trailers Leahy Company under and the trailers is provided to se a six-year noncancelable lease agreement. The following information about the lea Equal annual payments that are due on January 1 each-year provide Santos Corp. with an 8% return on net investment. 1 2. 3 The fair value of each trailer is $60,000. The cost of each trailer to Santos Corp. is $54,000. Each trailer 4. Collectibility of the lease payments is reasonably predictable and there are no important uncertainties Titles to the trailers pass to Leahy at the end of the lease has an expected useful life of nine years. surrounding the amount of costs yet to be incurred by Santos Corp. 5uX 81. Instructions (a) What type of lease is this f ntos? Discuss (b) What type of lease is this for Leahy? Discuss. (c) Calculate the annual lease payment. (Round to the nearest dollar.) py:60,000 7 PnT 12 1573,115 FV:O (o Pepare a lease amortization schedule for Santos Corp. (lessor) for the frst three (3) years (2018-2020), nts to nearest dollar.) 2018 s (2018-2020) 019 3504 3 21, 0 41 809 I l) 600 90x 8100