Assume that IBM leased equipment that was carried at a cost of $190,000 to Swander Company. The term of the lease is 6 years beginning December 31, 2019, with equal rental payments of $49,017.71 beginning December 31, 2019. The fair value of the equipment at commencement of the lease is $250,000. The equipment has a useful life of 6 years with no salvage value. The lease has an implicit interest rate of 7%, no bargain purchase option, and no transfer of title. Collectibility of lease payments for IBM is probable. Prepare IBM's (lessor) December 31, 2020. journal entries for the SECOND LEASE PAYMENT receipt. Journal Entry to Record SECOND Lease Payment Received -- 12/31/20 Accounts Debit Credit [Select] V [ Select Select] [Select]