Question has been posted multiple times but answered with wrong answers. Please help

On January 1, 2024, Rick's Pawn Shop leased a truck from Corey Motors for a six-year period with an option to extend the lease for three years. - Rick's had no significant economic incentive as of the beginning of the lease to exercise the three-year extension option. Annual lease payments are $12,000 due on December 31 of each year, calculated by the lessor using a 7% discount rate. - The expected useful life of the asset is nine years, and its fair volue is $90,000. - Assume that at the beginning of the third year, January 1, 2026. Rick's had made significant improvements to the truck whose. cost could be recovered only if it exercises the extension option, creating an expectation that extension of the lease was "reasonably certain." - The relevant interest rate at that time was 8%. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1. FVAD of \$1 and PVAD of \$1) Required: Record the entry, if any, by the lessee to account for the reassessment. Record the lease and interest payment for the lessee. Record the amortization for the lessee. Record the entry by the lessor to account for the reassessment. Record the entry by the lessor to account for the reassessment