Exercise 15-11 (Algo) Lessee and lessor; sales-type lease with selling profit [LO15-2, 15-3] Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2024. Insight Machines manufactured the equipment at a cost of $390,000 and lists a cash selling price of $533,111. Appropriate adjusting entries are made quarterly. Note: Use tables, Excel, or a financial calculator. (EVolS1. PV of S1. EVA of \$1. DVA of S1. EVAD ol S1 and PVAD af S1] Required: 1. Prepare approptate entries for Eye Deal to record the arrangement at its beginning, January 1, 2024, and on March 31,2024. 2. Prepare approptiate entries for Insight Machines to record the arangement at its beginning. January 1, 2024, and on March 31 . 2024 . 2024 Prepire appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2024 , and on March 31 , 2024. Note: It no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, January 1, 2024, and on March 31,2024. 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