TIMED-TASK NEED HELP ASAP

Spring Company leased a new machine from Winter Co. On January 1, 2022, under a lease with the following information: Annual rental payable at beginning of each lease year P400,000 Lease term 10 years Useful life of machine 12 years Implicit interest rate 14% Present value of an annuity of 1 in advance for 10 periods at 14% 5.95 Present value of an ordinary annuity of 1 for 10 periods 5.22 Present value of 1 for 10 periods at 14% 0.27 Spring has the option to purchase the machine on January 1, 2032, by paying P200,000, which is less than the expected fair value of the machine on the option exercise date. In its December 31, 2022 balance sheet, the right-of-use asset should have a book value of 2,181,667 O 2,434,000 2.231,167 2.190,600