2 5 poets Exercise 15-17 (Algo) Lessee and lessor, operating case (LO15-4] On January 1, 2021. Nath-Langstrom Services, Inc. a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4% The contract calls for four rent payments of $17.500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $105,000 and were expected to have a useful life of six years with no residual value Both firms record amortization and depreciation semiannually. (FV of Si py of $1. EVA of S1. PVA of $1. EVAD of Si and PVAD OLED (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leding for the first year of the lease. Boer Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar) View transactions Me Graw HII