On January 1, 2020, Grouper Inc. sold computer equipment to Skysong Co. The sales price of the equir nt was $516,000 and its carrying amount is $414,000. Record any journal entries necessary for Grouper from the sale of the computer equipment in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Use the information from part a. Assume that, on the same day the sale occurred, Grouper enters into an zoreement to lease the equipment from Skysong for 10 years with annual lease payments of $66,824.40 at the end of each year, veginning on December 31, 2020. If Grouper has an incremental borrowing rate of 5% and the equipment has an economic useful life of 10 years, record any journal entries necessary for Grouper from the sale and leaseback of computer equipment in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.25. Record journal entries in the order presented in the problem.) Use the information from part b. Now, instead of 10 years, the lease term is only 3 years with annual lease payments of $66,824.40 at the beginning of each year. Record any journal entries necessary for Grouper from the sale and leaseback of computer equipment in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 5,275.25. Record journal entries in the order presented in the problem.)