LLLLS INTER Exercise 21-02 On December 31, 2019. Tamaris Corporation signed a 5-year, non-cancelease for a machine. The terms of the Weed for Tamaris to make annual pants of $8.978 Domingo each year of the fease, starting December 31, 2018. The machines estimated life of 6 years and a 5.200 unguaranteed. The machine reverse to the of the lease term. Tamarisk uses the straight line method of depreciation for all of its plant assets. Tamaris's incrementa borrowing rent that's implicitate Gick here to view factor tables What type of lease is this? This is a/an finance lease Compute the present value of the lease payments (For calculation purposes, ure s decimal places as displayed in the factor table provided and round na antwer to decina pa 0.0.5,275.) Present value of the lease payments Prepare all necessary journal entries for Tamarisk for this lease through December 31, 2020. (Record journal entries in the order presented in the problem. Credit eties are automatically indented when amount is entered. Do not indent manually. Nound answers to decimal places 1.9. 3,275.) Date Account Titles and Explanation Debit Credit (To record the base) Prepare all necessary journal entries for Tamarisk for this lease through December 31, 2020. (Record journal enti automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal p Date Account Titles and Explanation Debit Credit (To record the lease) V (To record first lease payment) (To record amortization of the right-of-use asset) (To record interest expense)