NEED HELP ASAP

Sunland Corp. In a manufacturer of truck trailers On January 1, 2021. Surland Corpleases 11 traiters to Orlole Company under a year roncancelable lease agreement. The following information about the lease and the trailer is provided 1. Equal awal payments that are due on January 1 each year provide Surland Corp. with an return on ret investment 2. Titles to the trailers pass to Orole at the end of the lease The fair value of each trailer is $52.900. The cost of each trailer to Surland Conn. I 547 900. Each traiter unexpected the life of lee years 4. Collectibility of the lease payments is probable Click here to view factor tables What type of less this for the lesson Direct List of Accounts Calculate the annual lease payment. (Round present value factor calculations to decimal plooms, 3125124 and the final answer to decimal places 5,275) Annual lease payment $ 4761 List of Accounts Prepare a lease amortization schedule for Sunland Corp. for the first three years. (Round answers to decimal places 5,275) Sunland Corp Lease Amortization Schedule (Lessor) Interest on Lease Lease Receivable Receivable Recovery Date Annual Lease Rental Lease Receivable 1/1/21 1/1/21 $ 1/1/22 1/1/23 List of Accounts Prepare the journal entries for the lessor for 2021 to record the lease agreement the receipt of the lease rentals, and the recognition of revenue (Cantiles are automaty Record journal entries in the order presented in the problem) Search 0 Prepare the journal entries for the lessor for 2021 to record the lease agreement the receipt of the lease rentals, and the recognition of revenue (radit count titles are autom Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit December 31, 2021 (To record the lease) December 31, 2021 (To record receipt of the first lease payments) December 31, 2021 List of Accounts