Manitoba Leasing Ltd. leased equipment to Dorfman Company. The terms of the lease contract follow: Lease type Inception of the lease End of lease Payments Equipment fair market value at inception Manitoba Leasing's year end Lessor's implicit interest rate Finance lease January 1, 2020 December 21, 2023 $57,309 each Jan 1st beginning Jan 2020 $202,375 December 31st 9% Required: Prepare the lessor's journal entries for 2020 to account for this lease (You may use either the net or the gross method.)