On January 1, 2020, AAA leased equipment from BBB under a four-year lease requiring equal annual payments of $344,152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4-year useful life and no salvage value. AAAs incremental borrowing rate is 10% and the rate implicit in the lease (which is known by AAA) is 8%. Prepare journal entries BBB has to report regarding this lease in 2020.