1. The lessee makes a lease payment of $62,400 to the lessor for equipment in an operating lease transaction. 2. Cullumber Company leases equipment from Noble Construction Inc. The present value of the lease payments is $546,000. The lease qualifies as a capital lease. Prepare the journal entries that the lessee should make to record the above transactions assuming the entities report under ASPE. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)