On January 1, 2015, Hester Co. sells machinery to Beck Corp. at its fair value of $720,000 and leases it back. The machinery had a carrying value of $630,000, the lease is for 10 years and the implicit rate is 10%. The lease payments of $106,500 start on January 1, 2015. Hester uses straight-line depreciation and there is no residual value. Instructions (a) Prepare all of Hesters entries for 2015. (b) Prepare all of Becks entries for 2015.0