I need help with this question. I'm struggling to find the answer.

2. On January 1, 2016, Yard Art Landscaping leased a delivery truck from Branch Motors. Branch originally paid $70,000 for the truck. The lease agreement specified annual payments of $25,000 beginning January 1, 2016, the inception of the lease, and at each December 31 through 2018. Branch Motors' interest rate for determining payments was 12%. Yard Art's incremental borrowing rate is 13%. The estimated useful life of the truck is ten years with no salvage value. Both companies use straight-line depreciation. At the end of the four-year lease term (December 31, 2019) the truck was expected to be worth $18,000. Yard Art guaranteed a residual value of $8,000. A third party guarantor Assurance Corporation guaranteed $5,000 and the rest of $5,000 was unguaranteed. (1) What was the fair value of the truck on January 1, 2016? (2) Prepare an amortization tables for Branch Motors. Use the following template. (hint: The initial outstanding balance should be the initial book value of the lease receivable.) PMT 1/1/2016 1/1/2016 12/31/201 6 12/31/201 7 12/31/201 8 12/31/201 9 Effective Interest DIff OB 0 0 (3) Prepare the appropriate journal entries for Branch Motors on January 1, 2016. (4) Prepare an amortization tables for Yard Art. (hint: The initial outstanding balance should be the initial book value of the lease payable.) (5) Prepare the appropriate journal entries for Yard Art on January 1, 2016. (6) Prepare the appropriate entries for both Yard Art and Branch Motors on December 31, 2019 (the end of the lease term), assuming the truck is returned to the lessor and the actual residual value of the truck was $4,000 on that date. Yard Art (Lessee) 12/31/2019 Depreciation Expense Accumulated Depreciation Accumulated Depreciation Yard Art (Lessee) 12/31/2019 Lease payable Interest Expense Loss on residual value guarantee Leased asset Cash Branch Motors (Lessor) 12/31/2019 Inventory of equipment Cash Loss on leased asset Lease receivable Interest revenue (5) Prepare the appropriate entries for both Yard Art and Branch Motors on December 31, 2019 (the end of the lease term), assuming the truck is returned to the lessor and the actual residual value of the truck was $12,000 on that date. (6) Prepare the appropriate entries for both Yard Art and Branch Motors on December 31, 2019 (the end of the lease term), assuming the truck is returned to the lessor and the actual residual value of the truck was $15,000 on that date. (7) Prepare the appropriate entries for both Yard Art and Branch Motors on December 31, 2019 (the end of the lease term), assuming the truck is returned to the lessor and the actual residual value of the truck was $20,000 on that date. (8) Going back to (2), prepare amortization tables Yard Art under the following (separate) alternative scenarios (assume all else are fixed). a) Yard Art's incremental borrowing rate was 10%. b) Yard Art guaranteed $4,000 of the residual value, a 3rd party guaranteed $5,000, and the rest was unguaranteed. c) Lease payment was $18,000