Neely BBQ leased equipment from Smoke Industries on January 1, 2021. Smoke Industries had manufactured the equipment at a cost of $810,000. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Other information: Lease term Annual payments Life of asset Rate the lessor charges 4 years $360,000 beginning Jan 1, 2021, and at Dec. 31, 2021, 2022, and 2023 4 years 8% Required: 1. Prepare the appropriate entries for Neely BBQ (Lessee) on January 1, 2021, and December 31, 2021. 2. Prepare the appropriate entries for Smoke Industries (Lessor) on January 1, 2021, and December 31, 2021. Assume that control is transferred to the lessee. 3. Prepare the appropriate entries for Smoke Industries (Lessor) on January 1, 2021, and December 31, 2021. Assume that control is not transferred to the lessee. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the appropriate entries for Neely BBQ (Lessee) on January 1, 2021, and December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) Required 1 Required 2 Required 3 Prepare the appropriate entries for Neely BBQ (Lessee) on January 1, 2021, and December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet 2 3 4 Record the amortization of right-to-use asset for Neely BBQ. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2021 Right-of-use asset Record entry Clear entry View general journal