Question 4 of 4

Question 4 of 4 View Policies Current Attempt in Progress -/1 Sunland Ltd. signed a lease agreement on August 1, 2020 to lease some equipment from TLC Corp. The term of the lease was 9 years, after which time the equipment was to become the property of Sunland. TLC set the lease payments of $11,373.42 at the beginning of each period in order to earn an interest rate of 6%, and that rate was known to Sunland. Assume that Sunland has a calendar year-end. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. On Sunland's December 31, 2020 statement of financial position, what amounts related to this lease would Sunland report for (a) current liabilities and (b) long-term liabilities? (Round factor values to 5 decifMl places, e.g. 1.25124. Round answers to 2 decimal places, eg5275.) Current liabilities Long-term liabilities List of Accounts Save for Later Attempts: O of 1 used Submit Answer