Morey Corporation leases a tractor from Equity Leasing with a five-year non-cancelable lease on January 1, 20X1 under the following terms: t. Five payments of $26,37974 (a 9% implicit rate, known to Morey) due at the end each year. 2. The payments were calculated based on the fair value (which is also the book value for Equity) of the tractor. 3. The lease is nonrenewable and the tractor reverts to Equity at the end of the lease term. 4. The tractor has a six-year economic life. 5. Morey has an excellent credit rating. 6. Equity offers no warranty on the tractor other than the manufacturer's two-year warranty that is handled directly with the manufacturer, Equity records this lease with which one of the following journal entries? Multiple Choice DR Lease receivable 102,60795 CR Equipment 102,60795 DR Accounts receivable-Lease 131,898.70 CR Cash 26.379.74 CR Equipment 105,518.96 DR Net investment in leased assets 131,898.70 CR Equipment 102,607.95 CR Uneared financing Income-Leases 29,29075 DR Gross Investment in leased ossets 131.898.70 CR Equipment 105,518.96 CR Cash 26,379 74