On January 1, 2018, Hester Co. sells equipment to Beck Corp. at its fair value of $720,600 and leases it back. The equipment had a carrying value of $629,500, the lease is for 10 years and the implicit rate is 10%. The lease payments of $109,100 start on January 1, 2018. Hester uses straight-line depreciation and there isnoresidual value. Prepare all of Hester's entries for 2018 to record sale, to record lease, to record first lease payment, to record depreciation, to record amortization on profit of sale, to record interest payment.