y & Practice Assignment INTERMEDIATE Gradebook ORION Downloadable eTextbook ACCo n Assignment URCES CALCULATOR FULL SCREEN PRINTER a-g a-b b-e a-d Exercise 21A-11 a-d The following facts pertain to a non-cancelable lease agreement between Mooney Leasing Company and Rode Company, a lessee. Commencement date Annual lease payment due at the beginning of May 1, 2017 each year, beginning with May 1, 2017 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment $20,471.94 $4,000 5 years 10 years by Study Lessor's cost $65,000 $91,000 Fair value of asset at May 1, 2017 Lessor's implicit rate Lessee's incremental borrowing rate The collectibility of the lease payments by Mooney is probable. Click here to view the factor table. 8% 8% of the lease. (For calculation purposes,use 5 decimal places as dfisplayed in the fach Compute the amount of the lease receivable at commencement provided and round answer to 2 decimal places, e.g. 5,275.15. Lease receivable at commencement s