On January $1,2024,$ Nath$-$Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two$-$year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of $4\%.$ The contract calls for four rent payments of $$18,500$ each, payable semiannually on June $30$ and December $31$ each year. The computers were acquired by ComputerWorld at a cost of $$107,000$ and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$ Required: Prepare appropriate journal entries recorded by Nath$-$Langstrom Services for the first year of the lease. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease.