Assume that IBM leased equipment that was camed at a cost of $173,000 to Oriole Company. The term of the lease is 7 years December 31, 2016, with equal rental with no salvage value. The lease has an implicit interest rate of 8%, no bar ain purchase option, and no transfer of title Collectibility of lease payments for IBM s probable Prepare 1BM's not indent manually. For calculation purposes, use S decimal places as displayed in the factor table provided and round final answers to O decimal places e.g. 5,275.) To record the lease) rs 20