Diablo Company leases a machine from Juniper Corporation on January 1, 2011. The machine has a fair value of $20,000,000. The lease agreement calls for four equal payments at the end of each year. The useful life of the machine was expected to be four years with no residual value. The appropriate interest rate for this lease is 10%. Additional information: PV of an ordinary annuity @ 10% for 4 periods -- 3.16987 and PV of an annuity @ 10% for 4 periods -- 3.4869 Required: A. Determine the amount of each lease payment. B. Prepare the journal entry for Diablo Company at the inception of the lease. C. Prepare the journal entry for the forst lease payment. D. Prepare the journal entry for the second lease payment.