Great basin national park, the only national park wholly within the borders of nevada, occupies 77,180 acres and contains 42 known caves. about 90,000 people visit the park each year. it has 25 permanent staff who, with the seasonal staff, collect $280,00 in fees a year, mostly for the 2,400 cave tours. the park also has about 80 volunteers who contribute 9,400 hours of work a year. because the park suverys for springs in the 25 watersheds, the park service does not burning any acreage, which is part of standard maintenance in some parks.
some of the data in this paragraph are flow measurements and some are stock measurements. an example of a stock measurement is:
a. fees collected.
b. number of visitors.
c. number of watersheds.
d. number of acres burned.

On january 1, 2018, wetick optometrists leased diagnostic equipment from southern corp. which had purchased the equipment at a cost of $2,256,342. the lease agreement specifies six annual payments of $490,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2022. the six-year lease term ending december 31, 2023 (a year after the final payment), is equal to the estimated useful life of the equipment. the contract specifies that lease payments for each year will increase on the basis of the increase in the consumer price index for the year just ended. thus, the first payment will be $490,000, and the second and subsequent payments might be different. the cpi at the beginning of the lease is 120. southern routinely acquires diagnostic equipment for lease to other firms. the interest rate in these financing arrangements is 12%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) prepare the appropriate journal entries for wetick and southern to record the lease at its beginning.