Hasselback Ltd enters into a finance lease with Larry Ltd on 1 July 2017 for an item of machinery that has a fair value at that date of $226718. The lease is for a period of four years, with annual lease payments of $62 000 due on 30 June each year, the first payment to be made on 30 June 2018. There is a bargain purchase option of $15000 available for Larry to exercise at the end of the lease period. The rate of interest implicit in the lease is 6\%. It cost Hasselback Ltd $190000 to manufacture the machine. Required What are the entries in the books of Hasselback Ltd as at 1 July 2017 and 30 June 2018 (round amounts to the nearest dollar)