High Time Tours leased rock-climbing equipment from Adventures Leasing on January 1,2024 . High Time has the option to renew the lease at the end of two years for an additional three years for $10,000 per quarter. Adventures purchased the equipment at a cost of $238,361. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) equired: Prepare appropriate entries for High Time Tours from the beginning of the lease through March 31, 2024. Appropriate adjusting tries are made quarterly