need help with question 9

On January 1, 2018, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a four-year period ending December 31 , 2021, at which time possession of the leased asset will revert back to Aqua. The equipment cost Aqua $414.430 and has an expected economic life of five years. Aqua expects the residual value at December 31, 2021, to be $52,000. Negotiations led to Maywood guaranteeing a $73,000 residual value Equal payments under the lease are $104.000 and are due on December 31 of each year with the first payment being made on December 31, 2018. Maywood is aware that Aqua used a T\% interest rate when calculating lease payments. (FV of. S1. PV of 51 . EVA of 51. PVA of S1. FVAD of S1 and PVAD of S1) (Use oppropriate foctor(s) from the tables provided.) Required: 1. \& 2. Prepare the appropriate entries for Maywood on January 1, 2018 and December 31, 2018, related to the lease, (If no entry is required for a transaction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Record the beginning of the lease for Maywood Hydraulice. Notei fiter debits beforn gedas. Journal entry worksheet Record the amortization expense for Maywood Hydraulics. Note: Enter debits before credits. Journal entry worksheet 1 Record the lease payment and interest expense for Maywood Hydraulics. Note: Enter debits before credits. TABLE 1 Future Value of $1 TABLE 2 Present Value of $1 ABLE 3 Future Value of an Ordinary Annuity of $1 FVA=n(1+i)r1 BLE 4 Present Value of an Ordinary Annuity of $1 dut111+21 Future Value of an Annuity Due of $1 FVAD=(1+i)21(1+1) BLE 6 Present Value of an Annuity Due of $1 PVAD=11(1+i)1(1+1)