Feliz Navidad (FN) leased equipment to Happy Holidays (HH) on 1/1/21. This is an operating lease. The lease requires payments of 580,000 each year for 7 years beginning on 1/1/21. Jackal purchased the equipment for $400.000 and estimates its total useful life is 20 years and that it will have a residual value of $20,000 : Jake's borrowing rate is 10% Record all required joumal entries for Feliz Navidad in 2021 . Please round numbers to whole numbers and do not include the "S" signor cemmas. Fes any anused blanks. pleasecenter NA. (b.pts) Record all required journal entries for Happy Holidays in 2021. Please round mumbers to whole numbers, and do not include the "S signor comernas For any umised blanks; plezesenter NA. (14 pts)