Makeit Computers Limited (MCL) operates as a countrywide supplier of computer parts whose financial year ends on the 31 December. On 1 January 2021, MCL entered into a five-year contract with information technology company, Blue Technologies Limited (BTL) for the use of a specific network services server worth R150 000 to be delivered and installed by BTL at MCLs premises. The use and integration of the server within its operations is under the control of MCL, who can also change its decisions in this regard. In terms of the contract, BTL can only substitute the server in the case of a malfunction. The contract for the use of the server is five years with an annual instalment of R30 000 in arrears until the expiration of the contract on 31 December 2025. At the end of the contract, ownership of the server will not transfer to MCL. On 1 January 2021, MCL incurred and paid initial direct costs of R10 000 relating to the contract with BTL. On 1 January 2021, MCL has established that the useful life of the server is 5 years with no residual value. The interest rate implicit to the lease is 12%. REQUIRED: 3.1 Discuss whether Makeit Computers Limiteds contract with Blue Technologies Limited relating to the network services server is, or contains, a lease in terms of IFRS 6 Leases. (15) 3.2 Prepare journal entries for the reporting period ending 31 December 2021 as they will appear in the accounting records of Matrix Computers Limited. (10)