Bramble Incorporated leases a piece of equipment to Marin Corporation on January 1, 2020. The lease agreement called for annual rental payments of $4,978 at the beginning of each year of the 4-year lease. The equipment has an economic useful life of 6 years, a fair value of $24,700, a book value of $19.700, and both parties expect a residual value of $8,100 at the end of the lease term, though this amount is not guaranteed. Bramble set the lease payments with the intent of earning a 6% return, and Marin is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Determine the nature of the lease to both Bramble and Marin. The lease is a/an lease to Bramble. The lease is a/an lease to Marin.