DateLeasePayment/ReceiptInterest (8%) on Unpaid Liability/ Receivable Reductionof LeaseLiability/ReceivableBalance of Lease Liability/Receivable 10/01/20$313,043 10/01/20$162,700$162,7001250,343 10/01/21$162,700$20,0271142,6731207,670 10/01/22$162,700116,6141146,0861161,584 10/01/23$162,700112,9271149,7731111,811 10/01/24$162,700118,9451153,7551158,056 10/01/25$162,700114,6441158,0561-0- $376,200$63,157$313,043 Instructions a. Assuming the lessee's accounting period ends on September 30, answer the following questions with respect to this lease agreement. What items and amounts will appear on the lessee's income statement for the year ending December 31, 2021?
