Bennett Machinery Company manufactures and sells or leases various types of farming equipment. On 1/1/21, Bennett leased a large harvesting system to Norton Enterprises. Data relating to the lease follow: Both the lessor and lessee use straight-line depreciation and have accounting periods that end on 12/31. Required: a. Calculate the yearly payment that Bennett will charge Norton under this lease agreement if payments are made on 1/1 of each year, beginning 1/1/21. b. Construct the lease amortization table and prepare all journal entries that would be made by Bennett (lessor) during 2021 and 2022 relating to this lease. c. Construct the lease amortization table and prepare all journal entries that would be made by Norton (lessee) during 2020 and 2021 relating to this lease. d. Prepare the journal entries made by both Bennett and Norton with respect to the lease termination if the actual residual value of the computer equipment is $15,000. Bennett Machinery Company manufactures and sells or leases various types of farming equipment. On 1/1/21, Bennett leased a large harvesting system to Norton Enterprises. Data relating to the lease follow: Both the lessor and lessee use straight-line depreciation and have accounting periods that end on 12/31. Required: a. Calculate the yearly payment that Bennett will charge Norton under this lease agreement if payments are made on 1/1 of each year, beginning 1/1/21. b. Construct the lease amortization table and prepare all journal entries that would be made by Bennett (lessor) during 2021 and 2022 relating to this lease. c. Construct the lease amortization table and prepare all journal entries that would be made by Norton (lessee) during 2020 and 2021 relating to this lease. d. Prepare the journal entries made by both Bennett and Norton with respect to the lease termination if the actual residual value of the computer equipment is $15,000