Question: Required a . How would Lessee Inc. classify the lease? b . What balances ( account titles and amounts ) appear on Lessee Inc. '

Required
a. How would Lessee Inc. classify the lease?
b. What balances (account titles and amounts) appear on Lessee Inc.'s balance sheet on December 31 of Year 1 related to the lease?
Note: Round your answers to the nearest whole dollar.
c. What balances (account titles and amounts) appear on Lessee Inc.'s income statement for Year 1 related to the lease?
Note: Round your answers to the nearest whole dollar.
Income Statement
Required a. How would Lessee Inc. classify the lease? b. What

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