Brief Exercise 21-10 Cullumber Corporation enters into a 6-year lease of equipment on January 1, 2017, which requires 6 annual payments of $36,100 each, beginning January 1, 2017. In addition, Cullumber guarantees the lessor a residual value of $19,800 at lease-end. The equipment has a useful life of 6 years. Assume that for Lost Ark Company, the lessor, collectibility is reasonably predictable, there are no important uncertainties concerning costs, and the carrying amount of the equipment is $184,125. Prepare Lost Ark's January 1, 2017, journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2017 To record the lease.) January 1, 2017