On December $31,2024,$ Marin Corporation signed a $5-$year, non$-$cancelable lease for a machine. The terms of the lease called for Marin to make annual payments of $$8,566$ at the beginning of each year, starting December $31,2024.$ The machine has an estimated useful life of $6$ years and a $$4,500$ unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Marin uses the straight$-$line method of depreciation for all of its plant assets. Marin's incremental borrowing rate is $5\%,$ and the lessor's implicit rate is unknown. $($a$)$ what type of lease is this? $($b$)$ Compute the present value of the lease payments. $($c$)$ prepare all necessary journal entries for Marin for this lease through December $31,2025.$