for part C could you prepare all the necessary entries for Dexter for 2020

Current Attempt in Progress Pharoah Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $31,296 at the beginning of each year. The first payment is received on January 1. 2020. Pharoah had purchased the machine during 2019 for $116,000. Collectibility of lease payments by Pharoah is probable. Pharoah set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Pharoah at the termination of the lease. Click here to view factor tables. Prepare all necessary journal entries for Pharoah for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places e.s. 5,275.) Date Account Titles and Explanation Debit Credit 1/1/20 (To record the lease) (To record the first lease payment) 12/31/20