On January 1, 20X1, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jamison Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $40,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $360,000 and was expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semi-annually. REQUIRED: A. Prepare the appropriate journal entries for the lessee (Robertson Construction) for the lease inception through June 30, 20X1. If no journal entry is required for either of these dates (January 1 and/or June 30) make sure that you state that no journal entry is required! Round your answers to the nearest whole dollar amounts. (SHOW your work for possible partial credit.) B. Prepare the appropriate journal entries for the lessor (Jamison Leasing) for the lease inception through June 30, 20X1. If no journal entry is required for either of these dates (January 1 and/or June 30) make sure that you state that no journal entry is required! Round your answers to the nearest whole dollar amounts. (SHOW your work for possible partial credit.)