Landon Corporation has decided to rent crew trucks rather than purchasing them. On April 1, 20X5, Landon enters into an agreement with TuffEnough Trucks to lease three trucks worth $200,000. The lease agreement will span six years and the life of the trucks is estimated to be seven years. Landons incremental borrowing rate is 6 percent. The payments per year amount to $38,370, payable each April 1, beginning with 20X5. a. Record the capital lease. b. Record the first payment on 4/1/X5. c. Record depreciation on the equipment on 12/31/X5. d. Record interest expense on 12/31/X5. e. Record the second payment on 4/1/X6.