Question 2. (60 points) Tulip Leasing Corp (TLC, Lessor) and Daisy Travel Corp (DTC, Lessee) sign a lease agreement dated December 31, 2019, that calls for TLC to lease an equipment to DTC beginning from December 31, 2019. The details of the agreement are presented below: a. The term of the lease is five years. The lease agreement is non-cancelable. b. Requiring equal rental payments of $51,334 at the beginning of each year, starting December 31, 2019. c. The equipment has a fair value at the commencement of the lease of $250,000 with an estimated economic life of seven years and unguaranteed residual value of $15,000. d. Borrowing rate is 4 percent per year. Required I. Prepare the journal entries for DTC (Lessee) December 31, 2019. (Use round to the nearest USD Prepare the journal entries for DTC (Lessee) December 31, 2010. (Use round to the nearest USD)