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Please help. My numbers are all wrong. Nash Corporation enters into a6-year lease of equipment on January 1, 2017, which requires 6 annual payments of

Please help. My numbers are all wrong.

Nash Corporation enters into a6-year lease of equipment on January 1, 2017, which requires 6 annual payments of $36,100each, beginning January 1, 2017. In addition, Nash guarantees the lessor a residual value of $19,800at lease-end. The equipment has a useful life of 6 years.

Prepare Nash January 1, 2017, journal entries assuming an interest rate of10%.

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