Provide journal entries for the following lease agreement. The lease is initiated on January 1, 2010, for equipment with an expected useful life of 5 years. The equipment reverts back to the lessor on expiration of the lease agreement. The FMV of the equipment is 90,000. Five payments are due to the lessor in the amount of 23,000 per year beginning December 31, 2010. The leased asset is expected to have 500 salvage value on December 31, 2014. The lessees incremental borrowing rate is 13% (implicit rate is unknown