Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2024, Insight Machines manufactured the equipment at a cost of $380,000 and lists a cash selling price of $475,336. Appropriate adjusting entries are made quarterly. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, EVAD of $1and PVAD of $1) Related Information: Lease term 5 years (2@ quarterly periods) at January 1, 2824, and at March 31, June 38, September 3@, and December 31 Quarterly lease payments 28,500 thereafter Economic life of asset 5 years Interest rate charged by the lessor 8% 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. Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2024, and on March 31, 2024, Mote: 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. View transaction list Journal entry worksheet Record the beginning of the lease for Eye Deal. Note: Enter debits before credits. Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2024, and on March 21, 2024, Mote: 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. L RS Journal entry worksheet Record the lease payment made by Eye Deal on January 1, 2024. Note: Enter debits before credits. January 01, 2024 Clear entry View general journal View transaction list Journal entry worksheet Record the lease payment made by Eye Deal on March 31, 2024. Note: Enter debits before credits. Date General Journal Debit Credit March 31, 2024 Record entry Clear entry View general journal Required 1 Required 2 >Mote: If no entry is required for a transaction/event, select "MNo journal entry required\" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar. View transaction list Journal entry worksheet Record the amortization for Eye Deal. Mote: Enter debits before credits. March 31, 2024 Clear entry View general journal Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, January 1, 2024, and on March 31, 2024. Mote: If no entry is required for a transaction/event, select "Mo journal entry required\" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar. View transaction list Journal entry worksheet Record the beginning of the lease for Insight Machines. Note: Enter debits before credits.