Bailey Company teased equipment from Warren Leasing on January 1, 2010. Warren manufactured the equipment a co 5137.500. The news finance lease The lease agreement specifies five annual payments of $56.967 beginning January 1, 2019, the beginning of the lease, and teach December 31 w roh 2022. The present value of the lease payments is $250,000 The asset's useful fe is 6 years. The interest rate is 7% a. Prepare ALL 2019 entries required by Warren Leasing to be made on this lease b. How will this lease impact Warren's 2019 earnings? Will earnings increase or decrease and by what amount? Again,show support for your owwe For the toolbar, ress Alter