Classify this lease for the lessor, assuming the entity is not a manufacturer. What type of lease is it? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to seled a Operating Lease b Finance Lease Assuming this is a direct financing lease, prepare the journal entry to record the inception of the lease (initial measurement) for the lessor. Enter a debit as positive, a credit as negative. For any accounts that are not applicable, enter a 0. Equipment Finance Income = Net Investment in Lease = Assuming this is a direct financing lease, prepare the journal entry required at the end of year 1 of the lease for the LESSOR. Enter a debit as positive, a credit as negative. For any accounts that are not applicable, enter a 0. Cash= Equipment Finance Income = Net Investment in Lease =