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 6% - The contract calls for four rent payments of $17,000 each, payable semiannually on June 30 and December 31 each year. - The computers were acquired by ComputerWorld at a cost of $104,000 and were expected to have a useful life of five years with no residual value - Both firms record amortization and depreciation semiannually Note: Use tables, Excel, or a financial calculator. (FV of S1. PV of \$1. EVA of S1. PVA of S1. FVAD of S1 and PVAD of S1) 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