I already did required 1 - I only need help with 2 & 3!

Terms of a lease agreement and related facts were as follows: a. Incremental costs of commissions for brokering the lease and consummating the completed lease transaction Incurred by the lessor were $4,261. b. The retall cash selling price of the leased asset was $502000. Its useful life was three years with no residual value. c. The lease term was three years and the lessor pald $502,000 to acquire the asset. d. Annual lease payments at the beginning of each year were $185,068. e. Lessor's implicit rate when calculating annual rental payments was 11%. FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and (Use approprlate factor(s) from the tables provided.) Required: 1. Prepare the approprlate entries for the lessor to record the lease and related payments at its beginning. January 1, 2021. 2. Calculate the effectlve rate of Interest revenue after adjusting the net investment by initlal direct costs. 3. Record any entryis) necessary at December 31, 2021, the fiscal year-end. (Prepare any entry(s) recorded by the lessor at December 31, 2021, its fiscal year-end.)