no other costs associated with this lease. Required a. Recalculate the lessor's lease payment. Note: Round answer to the nearest dollar. Note: Do not use a negative sign with your answer Lease payment b. Prepare the entries for the lessor for the year, assuming that the lessor uses the straight-line method to depreciate fixed assets. d. How would the lease be classified if instead, the lessee guaranteed a residual value of $88,000 ? Lease classification considering guaranteed residual value no other costs associated with this lease. Required a. Recalculate the lessor's lease payment. Note: Round answer to the nearest dollar. Note: Do not use a negative sign with your answer Lease payment b. Prepare the entries for the lessor for the year, assuming that the lessor uses the straight-line method to depreciate fixed assets. d. How would the lease be classified if instead, the lessee guaranteed a residual value of $88,000 ? Lease classification considering guaranteed residual value