Request for help only for Requirement 2. All my answers for Requirement 1 were correct. My incorrect response is shown in the image. Thank you very much in advance.

King Company leceu equipment Train Maritt Industries. The lease greement quulile us finance cose and requires annual lease cayments of $52.538 over a six-year lease term (also the asset's useful life). wil he lirsludyrnesil al January 1lle beginning of the case their leresliale is 5% est being leased cost Mann $230,000 to produce. (FV cf$. IV of $1. FVA OLSI. PVA CL$1. FVAD of $ and PVAD al $1. (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the lessor is selling the asset present value of the lease payments. 2. What would be the amounts related to the lease that the lessor would repot in its income statement for the year ended December 31 (gore texts)? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What would be the amounts related to the lease that the lessor would report in its income statement for the ya December 21? (Ignore taxes (input decreases to ncome es negative amounts. Round your intermediate and ! the res. what i dollar.) In Statement Fut the year ende December 31 IL NUVET 11,873 Salus reve 50,000 Income statement effect IS 61.873