On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $15,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $101,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers the nearest whole dollar.) View transaction list X: > 1 Record the beginning of the lease for Nath-Langstrom Services. 2 Record the lease payment made by Nath-Langstrom Services. 3 Record amortization for Nath-Langstrom Services. 4 Credit Record the lease payment made by Nath-Langstrom Services 5 Record amortization for Nath-Langstrom Services. Required 1 Required 2 Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. (If no entry is require transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and fina the nearest whole dollar.) View transaction list 1 Record the lease payment received by Computerworld Leasing 2 Record depreciation for Computerworld Leasing. 3 Record the lease payment received by Computerworld Leasing. 4 Record depreciation for ComputerWorld Leasing. Credit