Please help with this assignment.

Alexis Computer Company manufactures and sells or leases various types of computer equipment. On 111119, Alexis leased a complete computer system to Edgar Enter rises. Data relating to the lease follow: Cost of equipment to Alexis $80,\" Fair market value of equipment at 111119 $98,\" Useful life of equipment 8years Lease term 5 yea rs Residual value at the end of the lease [not guaranteed by Edga r] 315.0(1) Implicit and incremental interest rates, 10% Initial direct costs incurred in negotiation $1,\" I l Both the lessor and lessee use straightline depreciation and have accounng periods hat end on 12131. Required: a. Calculate the yearly payment that Alexis will charge Edgar under this lease agreement if payments are made on 1.11 of each yea r, beginning 111119. b. Prepare all journal entries that would be made by Alexis [lessor'll during 2019 and 2020 relating to this lease. c. Prepareall journal entries that would be made by Edgar {lessee} du ring 2019 and 2020 relating to this lease. epa re the journal entries made by both Alexis and Edgar with respect to the lease termination if the actual residual value of the computer equipment is $12,500