On January 1, 2024, Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a twoyear 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 $10,000 each, payable semlannually on June 30 and December 31 each year. - The computers were acquired by ComputerWorld at a cost of $90,000 and were expected to have a useful lffe of five years with no residual value. - Both firms record amortization and depreciation semlannually. Note: Use tables, Excel, or a financlal calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Required: 1. Prepare approprlate journal entrles recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare approprlate Journal entrles recorded by ComputerWorld Leasing for the first year of the lease