Keller Corporation (the lessee) entered into a general equipment lease with Dalo Company (the lessor) on January 1 of Year 1 . The following information pertain io this lease agreement: 1. The equipment reverts back to the lessor at the end of the lease, and there is no bargain purchase option. 2. The lease term is 8 years and requires annual payments of $10,000 at the beginning of each year. 3. The fair value of the equipment at lease inception is $100,000. Assume that the present value of lease payments discounted at a 10% interest rate is $58,684,19. 4. The equipment has an estimated economic lite of 20 years and has zero residual value at the end of this time. Required: Prepare the joumal entry that Keller Corporation would make during the first year of the lease assuming that the lease is classified as an operating lease. Prepare the joumal entry that Keller Corporation would make during the first year of the lease assuming that the lease is classified as an operating lease. General Joumal instructions How does srading work