On October 31, the stockholders' equity section of Cullumber Company consists of common stock \\( \\$ 370,000 \\) and retained earnings \\( \\$ 904,000 \\). Cullumber is considering the following two courses of action: (1) declaring a \6 stock dividend on the \\( 37,000, \\$ 10 \\) par value shares outstanding, or (2) effecting a 2 -for-1 stock split that will reduce par value to \\( \\$ 5 \\) per share. The current market price is \\( \\$ 16 \\) per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. On January 1, 2022, Ivanhoe Inc. entered into an agreement to lease 20 computers from Drummond Electronics. The terms of the lease agreement require three annual rental payments of \\( \\$ 24,000 \\) (including \10 interest) beginning December 31 , 2022. The present value of the three rental payments is \\( \\$ 59,682 \\). Ivanhoe considers this a finance lease. Prepare the journal entry to record the lease agreement on the books of Ivanhoe Inc. on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)