(Modified from E15-17) On January 1, 2020, Crimson Industries leased several computers under a three-year lease agreement from Computer World Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for 6 rent payment of $10,000 each, payable semiannually on June 30. and December 31 each year. The computers were purchased by Computer World at a cost of $90,000 and were expected to have a useful life of 5 years with no residual value. Both firms record amortization and depreciation semiannually. Present value of 1 for 6 periods at 2% 0.88797 Present value of ordinary annuity for 6 periods at 2% 5.60143 Present value of annuity due for 6 periods at 2% 5.71346 Required: (Round to the nearest dollar) Prepare the appropriate entries for the lessee from the beginning of the lease through the end of 2020. Edit View Insert Format Tools Table 12pt Paragraph