1. NOTE: For this problem, refer to the present value tables at the end of this exam, as needed.

Listed below are selected financial data for Purple Corporation and the company's operating lease disclosure (all amounts in thousands). The companys tax rate is 35%.

	2012	2011
Property, Plant, & Equipment (net)	$178,000	$162,000
Total Assets	515,000	424,000
Long-Term Debt (Current and Non-Current)	75,000	67,000
Common Shareholders Equity	302,000	298,000

	Operating Lease Commitments
	at the end of 2012
Year	Reported Lease Commitments
2013	$ 30,000
2014	$ 20,000
2015	$ 20,000
2016	$ 15,000
2017	$ 10,000
Beyond 2017	$ 35,000

As an analyst, you have decided to restate the company's operating leases into capital leases. Using the information in the operating lease disclosure and assuming that the company has an incremental borrowing rate for secured debt of 8%, restate the operating leases into capital leases and calculate the adjusted values of the following as of the end of 2012:

a.	Plant, Property and Equipment.
b.	Long-Term Debt (It is not necessary to split this into Current and Non-Current Portions).
c.	Shareholders Equity.