Hello, I need help with the three parts of this assessment. The instructions are highlighted in yellow, and the data is below them. Thank you in advance!

4062 Things xlsx Excel Sign in Insert Page Layout Formulas Data Review View Tell me what you want to do File Home dx cut 2 Autosum A Calibri Et Wrap Text General BE BE copy GE 3E E Merge & Center og Conditional Format as Cel nsert Delete Format Paste N Painter Format Sort & Find B I U Clear Formatting Table Styles lter Select Clipboard Fon Alignment Number Editing H21. 4 Calculate the amount ofthe annual rental payment. 6 Prepare all the necessary journal entries for Hinton for 2015 8 Prepare all the necessary journal entries for Capital for 2015. 10 on January 1, 2015, Capital Corp. eased equipment to Hinton Corporation. The following information pertains to this lease. 11 1. The term of the noncancelable lease is 12 years, with no renewal option. The equipment reverts to the lessor at the termination of the lease 12 2. Equal rental payments are due on January lof each year, beginning in 2015. 13 3. The fair value of the equipment on January 1, 2015, is $225,000, and its cost is $180,000. 14 4. The equipment has an economic life of 16 years. Hinton depreciates all of its equipment on a straight-line basis. 15 5. Capital set the annual rental to ensure an 11% rate of return. Hinton's incremental borrowing rate is 12%, and the implicit rate of the lessor is unknown 16 6. Collectability of lease payments is reasonably predictable, and no important uncertainties surround the amount of costs yet to be incurred by the lessor sheet 4 sheets Assessment 5 Assessment scontinued 444 Assessments part4 CEI Ready Ask me anything share