QUESTION 2 On January 1, 2018, Dave's Transport leased a car from Alfonso Motors for a six-year period with an option to extend d no significant economic incentive as of the beginning of the lease to exercise the 3-year extension option. Annual lease payments are $5,000 due on December 31 of each year, calculated by the lessor using a 5% discount rate. The agreement is considered an operating lease. Required: Round your answers to the nearest whole dollar amounts. 1. Prepare Dave's journal entry to record for the right-of-use asset and lease liability at January 1, 2018 Prepare the journal entries to record interest and amortization at December 31, 2018. 3. Compare between operating leases and financial leases? TTTT Paragraph Arial 3112pt) E T.. Qia Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Close Type here to search mit e 9