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Red Co. recorded a right-ofuse asset of $115,000 in a 10 -year finance lease. Payments...

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Accounting

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Red Co. recorded a right-ofuse asset of $115,000 in a 10 -year finance lease. Payments of $18,716 are made annually at the end of each yeat. The interest rate charged by the lessor and known by Red was 109 . The balance in the lease payable after two years will be: (Round your final answer to the nearest whole dollac) Muitiple Chicice 5139150 $99.846 $133.750. $92.000

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