QUESTION 2 7 pols Save On January 1, 2011 XYZ Corporation Based computers from Computer World Corporation under a two-year operating lase agreement Computer World Corporation routine finances equipment other forms at an interest rate of the contract calls for four rent payments of $10 000 each, payable semiannually the beginning of each period on January and teach year the computer were acquired by Computer World Corporation at a cost of $90.000 and were expected to have a useful life of five years with no residual value The present value of base payment is 538 838 Required Prepare the appropriate journal entries for the lessee from the inception of the lease through the end of 2012 (The lease is accounted for as an operating lease) Accounts Amounts Credit