1. show how rhone-metro calculated the $200,000 annual lease payments. 2. how should this lease be classified (a) by western soya co. (the lessee) and (b) by rhone-metro industries (the lessor)? 3. prepare the appropriate entries for both western soya co. and rhone-metro on december 31, 2018. 4. prepare an amortization schedule(s) describing the pattern of interest over the lease term for the lessee and the lessor. 5. prepare the appropriate entries for both western soya and rhone-metro on december 31, 2019 (the second lease payment and amortization). 6. prepare the appropriate entries for both western soya and rhone-metro on december 31, 2022, assuming the equipment is returned to rhone-metro and the actual residual value on that date is $1,000.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)