At January 1, 2021. Care Med leased restaurant equipment from Crescent Corporation under a nine year lease agreement. The lease agreement specifies annual payments of $27000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2028 The equipment was acquired recently by Crescent at a cost of $189,000 ts fan value and was expected to have a useful ife of 13 years with no salvage value at the end of its life. Because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $42341) Crescent seeks a 10% return on the lease investment fly this arrangement, the lease is deemed to be an operating lease of St PVS1 EVA of S1 PVA of SLEVAD of Stand PVD Duse appropriate factors from the tables provided.) Required: 1. What will be the effect of the lease on Cafe Med's earnings for the first year ignore taxes (Enter decreases with negative sign) 2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Care Med ignore tawesi ( For all requirements, round your intermediate calculations and final answers to the nearest whole dollar) 1. Effect on eaming 2 Lease payable balance and of you Righ t balance and year