inguaranteed residual value of $2,000. Hint: Underlying asset's carrying value equals its fair value at lease commencement. . Compute the annual payment calculated by the lessor. Note: Round answer to the nearest dollar. Note: Do not use a negative sign with your answer. c. Provide journal entries for Year 1 and Year 2 for the lessor assuming that the equipment is held in the lessor's Inventory account. - Note: Round your answers to the nearest whole dollar. d. Record the entry on December 31 of Year 5 for the return of the equipment assuming the equipment had a fair value of $2,000. inguaranteed residual value of $2,000. Hint: Underlying asset's carrying value equals its fair value at lease commencement. . Compute the annual payment calculated by the lessor. Note: Round answer to the nearest dollar. Note: Do not use a negative sign with your answer. c. Provide journal entries for Year 1 and Year 2 for the lessor assuming that the equipment is held in the lessor's Inventory account. - Note: Round your answers to the nearest whole dollar. d. Record the entry on December 31 of Year 5 for the return of the equipment assuming the equipment had a fair value of $2,000