please answer (both) of the gollwing questions

Question 6 --11 View Policies Current Attempt in Progress Marin Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a useful life of 10 years. The machinery has a fair value at the commencement of the lease of $49,000, and Marin expects the machinery to have a residual value at the end of the lease term of $25,000. However, Thiensville does not guarantee any part of the residual value. Thiensville does expect that the residual value will be $47,000 instead of $25,000. What would be the amount of the annual rental payments marin demands of Thiensville, assuming each payment will be made at the end of each year and Marin wishes to earn a rate of return on the lease of 5%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to decimal places, e.g. 5,275.) Click here to view factor tables. Amount of equal annual lease payments $ Blue Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, contain a bargain purchase option, and is not a specialized asset. It covers 3 years of the equipment's 8-year useful life, and the present value of the lease payments is less than 90% of the fair value of the asset leased. The annual lease payment is $30,000 at the beginning of each year, and Blue's incremental borrowing rate is 5%, which is the same as the lessor's implicit rate. Prepare all the necessary journal entries for Falls Company (the lessor) for 2020, assuming the equipment is carried at a cost of $184,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 1/1/20 Lease Liability 1/1/20 Lease Liability Cash (To record the recognition of the revenue each period) 12/31/20 Lease Expense (To record depreciation expense on the leased equipment)