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Current Attempt in Progress MUHC Ltd. leased a microsurgical staple gun on January 1, 2020, from George Klein Surgical Equipment Ltd. The three-year lease contract called for monthly payments of $10,790 to be made at the end of each month. The staple gun is expected to have a useful life of five years and no residual value. The staple gun had cost George Klein $300,000 to manufacture and would normally have sold for about $450,000. The interest rate available to MUHC Ltd. for equipment loans on the day the lease was signed was 3%. MUHC's management plans to return the staple gun to George Klein at the end of the three-year lease. MUHC's management has also determined that the present value of the minimum lease payments was $365,466 at the time the lease was entered into. Explain the impact that the lease will have in the first month on MUHC's statement of financial position. (Round answers to O decimal places, e.g. 125.) Right-of-use Asset at the End of January Lease Liability at the End of January Depreciation Expense $ Explain the impact that the lease will have in the first month on MUHC's statement of income. (Round answers to O decimal places, e.g. 125.) Interest Expense Save for Later $ $ $ Attempts: 0 of 1 used Submit