Elway Brothers Corporation manufactures drones. On December 31, 2016, it leased to Postmark Company a drone that had cost $111,000 to manufacture. The lease agreement covers the 5-year useful life of the drone and requires 5 equal annual rentals of $41,300 payable each December 31, beginning December 31, 2016. An interest rate of 11% is implicit in the lease agreement. Collectibility of the rentals is probable.Prepare Elway Brotherss December 31, 2016, journal entries. (hint: sales-type lease)