On January 1 2021, Taco King leased retail space from Fogelman Properties. The 10-year finance lease requires quarterly variable lease payments equal to 3% of Taco King's sales revenue, with a quarterly sales minimum of $570,000. Payments at the beginning of each quarter are based on previous quarter sales. During the previous 5 year period, Taco King has generated quarterly sales of over $735.000. Fogelman's interest rate, known by Taco King, was 8%. (FV of $1. PV of $1. EVA of Si. PVA OS1EVAD of Stand PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the joumal entries for Taco King at the beginning of the lease at January 1, 2021 2. Prepare the journal entries for Taco King at April 1, 2021. First quarter sales were $745.000 Amortization is recorded quarterly