On June 30,2023 , Atlas, Inc. leased a warehouse facility from LT Leasing Corporation. The lease agreement calls for Atlas to make semiannual lease payments of $1,688,721 over a threeyear lease term, payable each June 30 and December 31, with the first payment at June 30, 2023. Atlas's incremental borrowing rate is 10%, the same rate LT uses to calculate lease payment amounts. The fair value of the warehouse is $9 million. LT recently purchased the warehouse for $9 million. Amortization is recorded on a straight-line basis at the end of each fiscal year. Round your answers to the nearest whole dollar amounts. 9. For Atlas, this is recorded as what type of lease? A) Sales type Lease without Selling Profit B) Financing Lease. C) Operating Lease D) Sales type Lease with Selling Profit 10. Required: On the Journal paper provided on the next page, record the journal entries made by Atlas for 2023. You should have 4 entries, 2 for June 30 and 2 for December 31