Brief Exercise 21-11 Geiberger Corporation manufactures replicators. On January 1, 2014, it leased to Althaus Company a replicator that had cost $112,800 to manufacture. The lease agreement covers the 4-year useful life of the replicator and requires 4 equal annual rentals of $38,860 payable each January 1, beginning January 1, 2014 An interest rate of 11% is implicit in the lease agreement. Collectility of the rentals is reasonably assured, Prepare Geiberger's January 1, 2014, journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round present value factor calculations to S decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971.)