On January $1$ of the current year, Company A leased equipment under a two$-$year operating lease agreement from Company B$,$ which routinely finances equipment for other firms at an annual interest rate of $4\%.$: The coupment Was aquired by Vompary Sata $6031015106000$ and was orpete to have a useti ite of iNe oars with ngresidual value. Both firms record amortization and depreciation semiannually.Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$Required:$1.$ Prepare appropriate journal entries recorded by Company A for the first year of the lease$\mathrm{.}2.$ Prepare appropriate journal entries recorded by Company B for the first year of the lease.Complete this question by entering your answers in the tabs below.Required $1$Required $2$Prepare appropriate journal entries recorded by Company A for the first year of the lease.Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. $($Round