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"3.A city government holds a six-year capital lease for property being used within the General Fund.Minimum lease payments total $70,000...

"3.A city government holds a six-year capital lease for property being used within the General Fund.Minimum lease payments total $70,000 starting next year but have a current present value of $49,000. What is the total amount of other financing sources to be recognized on the fund-based financial statements over this six-year period?

a.

$–0–.

b.

$49,000.

c.

$70,000.

d.

$119,000"
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