I need the amount for the red boxes for Dec 31 2017 journal entry.

On January 1 , 2016, aellieu Company leases specialty equipment with an economic life of 8 years to Anderson Company. The lease contains the following terms end provisions: The lease is noncancelable and has a term of 8 year. The annual rentals are 22,900, payable at the beginning ot each year The interest rate implicit in the lease is 10%. Anderson agrees to pay all executory costs and is given an option to buy the equipment for Sl at the end ofthe lease term, December 31, 2024. Thecost of the equipment to the lessor is S157,000, and the fair retail value is approximately 8193,100_ The lessor incurs no material initial direct cost. The collectibility of the rentals is reasonably assured, and there are no important uncertainties surrounding the amount of unreimbursable costs yet to be incurred by the lessor. The lessor estimates that the fair value is expected to be significantly greater than Sl at the end of the lease ternm The lessor calculates that the present value on January 1, 2016 of 8 annual payments in advance of s32,goo discounted at 10% is (the Sl purchase option is ignored as immaterial). Required: Next Level Identify the clessjfjcatjon ofthe lease transection from Bal/\eu's point ot view 2. Prepare all the jowne/ entries for for the years 2016 end 20