Huff Company leased a new forklift for four years. Huff Co. will return the forklift at the end of the four years. The estimated economic life of the forklift is five years. At the time of the lease, the fair value of the forklift is $45,000. The monthly lease payments are $1,000 and the lease has an implied interest rate of six percent, for a present value of $42,580. Determine whether the lease will be categorized as a finance or operating lease and provide the journal entry to record the lease