please hurry$-$ Lynwood Corporation purchased equipment on $12/30/23$ at a cost of $$140,000.$ Lynnwood then leased the equipment to the Washington Company on $1/1/24.$ The lease is classified as a sales$-$type lease by Lynnwood.

The lease term is non cancelable, $6$ years. Lease payments of $$35,000$ will be made at the end of each year for six years, with the first payment on $12/31/24.$ The estimated economic life of the equipment is $7$ years$/$ Lynwood estimates an $8,000$ residual value at the end of the lease term, which is unguaranteed. The implicit interest rate for Lynwood is $5\%.$

Present value of $1$ for $6$ periods at $5\%-0\mathrm{.}74622$

PV of an Ordinary Annuity of $1$ for $6$ periods @ $5\%-5\mathrm{.}07569$

PV of an Anunity Due of $1$ for $6$ periods at $5\%-5\mathrm{.}32948$

Required:

A$)$ Calculate the amount of lease receivables and prepare a lease amortization schedule over the first $2$ years of the lease term for the lessor.

B$)$ Prepare the journal entries regarding the lease for the lessor for $2024$ and $2025$

C$)$ Prepare partial balance sheets for the lessor of $12/31/25$

D$)$ If the lessor paid $$4,000$ in sales commission in closing the lease on $1/1/24,$ prepare the journal entry needed.