CiCi Limited ("CiCi") leased Equipment A to DiDi Limited ("DiDi") on April 1, 2023. CiCi purchased the equipment at a cost of $112,080. Both companies adopt straight-line method for calculating depreciation. Required: (Answers should be rounded to the nearest dollar amount.) (a) Explain how CiCi Limited should classify the lease of Equipment A. (5 marks) (b) Prepare the journal entries for CiCi Limited, from the inception of the lease to 31 December 2023. ( 8 marks) (c) Prepare the appropriate entries for DiDi Limited, from the inception of the lease to 31 December 2023. (12 marks)