Please help with the following accounting question. Thank you!

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Part 1 of 19 1 World Imaging (WI) Enterprises leases digital imaging equipment from Susie Systems Leasing. (Click the icon to view the details of the lease.) (Click the icon to view the Present Value of $1 table.) Read the requirements. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary (Click the icon to view the Present Value of an Ordinary Annuity table.) Annuit the allocation of the total consideration to the digital imaging equipment and the consulting. Contract Contract Standalone Allocated Element Component Selling Prices Percentage Consideration Digital Imaging Equipment % Consulting % 100 % X More info The lease term is for 3 years and the economic life of the equipment is 5 years. The lease contract does not contain a purchase option and title will not transferred at the end of the lease term. The fair value of the equipment is $5,100 and there is no guaranteed residual value. Susie Systems does not offer any incentives to the lessee to enter the lease. WI paid $660 in initial direct costs on the lease commencement date. Wl's incremental borrowing rate is 7% and is used to measure the present value because the lessor's implicit rate is not readily determinable. The annual lease payments (due on January 1 of each year) are $1,200, which includes technological consulting over the lease term. The digital imaging equipment is typically leased for $960 per year and the consulting is provided at a price of $540 per year. Wi has not made the election to account for each separate lease component along with nonlease components, as a single lease component. As a result, the components must be separated. Requirements a. Classify the lease for WI Enterprises. b. Prepare the journal entries for the lessee and supporting amortization tables to account for this agreement over the lease term. Hint: To record amounts that would be shown as "interest expense" on the amortization schedule, use the account name "Accrued Lease Payable". Part 1 of 19 1 World Imaging (WI) Enterprises leases digital imaging equipment from Susie Systems Leasing. (Click the icon to view the details of the lease.) (Click the icon to view the Present Value of $1 table.) Read the requirements. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary (Click the icon to view the Present Value of an Ordinary Annuity table.) Annuit the allocation of the total consideration to the digital imaging equipment and the consulting. Contract Contract Standalone Allocated Element Component Selling Prices Percentage Consideration Digital Imaging Equipment % Consulting % 100 % X More info The lease term is for 3 years and the economic life of the equipment is 5 years. The lease contract does not contain a purchase option and title will not transferred at the end of the lease term. The fair value of the equipment is $5,100 and there is no guaranteed residual value. Susie Systems does not offer any incentives to the lessee to enter the lease. WI paid $660 in initial direct costs on the lease commencement date. Wl's incremental borrowing rate is 7% and is used to measure the present value because the lessor's implicit rate is not readily determinable. The annual lease payments (due on January 1 of each year) are $1,200, which includes technological consulting over the lease term. The digital imaging equipment is typically leased for $960 per year and the consulting is provided at a price of $540 per year. Wi has not made the election to account for each separate lease component along with nonlease components, as a single lease component. As a result, the components must be separated. Requirements a. Classify the lease for WI Enterprises. b. Prepare the journal entries for the lessee and supporting amortization tables to account for this agreement over the lease term. Hint: To record amounts that would be shown as "interest expense" on the amortization schedule, use the account name "Accrued Lease Payable