Lessot Corporation, a manufacturer of equipment, enters into a lease of specialized equipment with Lessee Corp. on january 1 of Year 1 , Title to the asset remains with Lessor Corp. at the end of the lease. Lessee Corp. does not guarantee the residual value of the specialized equipment at the end of the lease term, and the lease contains no renewal or purchase options. The following information pertains to the lease. Required a. Determine the classification of the lease for Lessee Corporation. b. Prepare a schedule of the lease liability for the first two years of the lease term, - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. c. Provide journal entries relating to the lease for Lessee Corporation onjanuary 1 and December 31 of Year 1 and Year 2. - Note: Round your answers to the nearest whole dollar