I need help with all 3 requirements! The journal entries are most difficult for me that are on Required 2. Please help!

Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones, Physicians: Leasing purchased a lithotripter from Rand for $1,900,000 and leased it to Mid-South Urologists Group, Incorporated, on January 1 , 2024 Note: Use tables, Excel, or a financial calculator. (RV of \$1. PV of S1. FVA of S1. PVA of S1. EVAD or S1 and PVAD of S1) Required: 1. How should this lease be classified by Mid-South Urologists Group and by Physicians Leasing? 2. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2024. Adjusting entries are recorded at the end of each fiscal year (December 3i). 3. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the machine at a cost of $1.6 million. Prepare appropriate entries for Rand Medical from the beginning of the lease through the second lease payment on April 1,2024 Complete this question by entering your answers in the tabs below. Now should this lease be dassified by Mid-South Urologists Group and by Phiysicians' Leasing