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Tartufo Corp. entered into a 4-year lease agreement with Gelato Inc. to lease equipment beginning on January 1, 20X5. The IBR is 8% while the rate implicit in the lease is 7%. Tartufo Corp. is aware of the rate implicit in the lease. Annual payments of $57,000 at the beginning of the year are required. The lease stipulates a $41,000 residual value guarantee but Tartufo Corp. expects a $12,000 payout will be required. Tartufo Corp. will return the equipment to Gelato Inc, at the end of the lease term. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: Provide journal entries pertaining to this lease for Tartufo Corp. for the 20x5 year, Tartufo Corp. uses straightline depreciation for similar assets, with a half-year of deprecation recorded in the year of acquisition (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 3 > Record the lease at the beginning on January 1, 20X5. Note: Enter debits before credits General Journal Date Jan 01, 20X5 Dobit Credit Record entry Clear entry View general journal