On January 1, 2020, Riverbed Animation sold a truck to Peete Finance for $46,000 and immediately leased it back. The truck was carried on Riverbeds books at $42,000. The term of the lease is 3 years, there is no bargain purchase option, and title does not transfer to Riverbed at lease-end. The lease requires three equal rental payments of $14,500 at the end of each year (first payment on January 1, 2021). The appropriate rate of interest is 6%, the truck has a useful life of 5 years, and the residual value at the end of the lease term is expected to be $14,000, none of which is guaranteed. Prepare Riverbeds 2020 journal entries.