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 Jantary 1, 2024. Insight Machines manufactured the equipment at a cost of $250,000 and lists a cash selling price of $312,721. Appropriate adjusting entries are made quarterly. Note: Use tables, Excel, or a financial calculator. (BV of \$1, PV of \$1, EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of Si? Required: 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning. January 1, 2024, and on March 31,2024. 2. Prepare appropriate entries, for Insight Machines to record the arrangement at its beginning, January 1, 2024, and on March 31 , 2024. Complete this question by entering your answers in the tabs below. Journal entry worksheet 2 Note: Enter debits before credits. Journal entry worksheet Record the lease payment made by Eye Deal on January 1,2024. Note: Enter debits before credits. Record the lease payment made by Eye Deal on March 31, 2024. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits