QUESTION 6 On January 1, 2018, ABC Construction leased several items of equipment under a two-year operating lease agreement from Zara Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $50,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Zara Leasing at a cost of $450,000 and was expected to have a useful life of five years with no residual value. Both firm's record amortization and depreciation semiannually. Required: Prepare the appropriate journal entries for the lessor (Zara Leasing) from the beginning of the lease through the end of 2018. Round your answers to the nearest whole dollar amounts (10 marks) Please use space below for working and answers TT T Arial 3 (12pt)