$1.$ What type of lease is this for Youngsun Kim Corporation

$2.$ What type of lease is this for Irish Lontoc Corporation

$3.$ Calculate the annual lease payment

$4.$ Prepare the required journal entries for $20$X$1$ and $20$X$2$ for the Youngsun Kim Corporation

$5.$ Prepare the required journal entries for $20$X$1$ and $20$X$2$ for the Irish Lontoc Corporation