PROBLEM THREE: Lease Accounting by Lessor: BBB Co. (lessor) contracted on a three-year Machinery lease to SSS Co. (lessee) on January 1, 2021. The leased equipment cost BBB Co. $300,000 (fair value). The equipment had an economic life of 4 years. The equipment would revert to BBB Co. at the termination/end of the lease. Annual lease payments were $15,999.49 and were payable at the beginning of each year on January 1 of each year. BBB Co.'s implicit rate of return was 8%, and this fact was known by SSS Co. The equipment was expected to have a residual value of $60,000 and did not have a bargain purchase option. SSS Company guaranteed the residual value even though SSS Company estimates the residual value at lease termination to be $25,000. Assume the lease qualified as a finance lease. Required: a. How much would BBB Company capitalize as lease receivable? b. How much would be the annual lease payment to BBB Company? c. Show the amortization schedule for the lease receivable for 2021 and 2022 only. d. Prepare all the journal entries for BBB Company would make for 2021 and 2022 only.