(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 $16,500 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