Part 1: At the beginning of 2020, the Vadar Company acquired a Death Star from the JEDI Company with a fair value of $6,074,700 by signing a four-year lease. The lease is payable in four annual installments of $2,000,000 at the end of each year. I REQUIRED: 1) What is the effective rate of interest implicit in the agreement? 2) Prepare Vadar's journal entries: a) when he signed the lease, b) On December 31, 2020 and c) December 31, 2021. 3) If at the time of the lease, we did not know the value of the Death Star, nor do we know JEDI's borrowing rate was unknown, but of course we know that Vadar can borrow at 11%. Prepare Vadar's entry at the signing of the lease