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 $14,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $99,000 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. Record the beginning of the lease for Nath-Langstrom Services. Record the lease payment made by Nath-Langstrom Services. Record amortization for Nath-Langstrom Services. Record the lease payment made by Nath-Langstrom Services. 5 Record amortization for Nath-Langstrom Services. 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