Company A leased equipment from Company B on January 1 of the current year. Company B manufactured the equipment at a cost of $310,000 and lists a cash selling price of $387,774. Appropriate adjusting entries are made quarterly. Note: Use tables, Excel, or a financial calculator. (EV of $1. PV of $1 EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) Related Information: Lease term 5 $23, 250 5 8% Quarterly lease payments Economic life of asset Interest rate charged by the lessor Required: 1. Prepare appropriate entries for Company A to record the arrangement at its beginning, January 1, current year, and on March 31, current year. Required 1 years (20 quarterly periods) at January 1, current year, and at March 31, June 30, September 30, and December 31 thereafter years 2. Prepare appropriate entries for Company B to record the arrangement at its beginning, January 1, current year, and on March 31, current year. Required 2 Complete this question by entering your answers in the tabs below. Prepare appropriate entries for Company A to record the arrangement at its beginning, January 1, current year, and on March 31, current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.

nebled Eearn I Required: 1. Prepare oppropriate entries for Company A to record the arrangernent at its beginning. January current year. 2. Prepare appropriate entries for Comparyy B to record the arrangement at its beginning., January 1, current year, and on March 31. current yeac. Complete this question by entering your answers in the tabs below. Prepare appropriate entries for Company A to record the arrangement at its beginning, January 1, current year, and on March 31, curren year. calculations and final answer to the nearest whole dollar