Problem 15-13 Lessee and lessor; lessee guaranteed residual value (LO15-2 15-6] On January 1, 2018. Allied Industries leased a high performance conveye to Karrier Company for a foute period ending December 31, 2021, at which time possession of the leased asset will revert back to Allied. The equipment cost Allled $958.000 and has an expected useful life of five years. Allied expects the residual value at December 31, 2021 will be $302.000 Negotiations led to the lessee guaranteeing a $344000 residual value Equal payments under the financesales-type lease are 5202000 and are due on December 31 of each year with the first payment being made on December 31, 2018. Karrier is aware that Allied used a 83 interest rate when calculating lease payments. (EV SLP VESTEVA S1. PVA BESI, EVAD $1 and PVADS (Use appropriate factor(s) from the tables provided Required: 1. Prepare the appropriate entries for both Karrier and Allied on January 1 2018. to record the lesse 2. Prepare all appropriate entries for both Karrier and Allied on December 31, 2018. related to the lease Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate entries for both Karrier and Allied on January 1, 2018, to record the lease. (if na entry is required for a transaction event, select "No journal entry required in the first account field. Round your answers to nearest whole dollar View transaction list Journal entry worksheet Record the beginning of the lease for Karrier de bafure credita Debit Credit General Joumal 3 Juary 01, 2018 Clew entry Record R ed 2 >