Question two (7 marks) Corporation under a two-year operating lease agreement. Computer World Corporation routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rents payments of $20,000 each. navable semiannually at the beginning of each period on January 1 and July 1 each year. The computers were acquired by Computer World Corporation at a cost of $180,000 and were expected to have a use life of five years with no residual value. The present value of lease payments is $77,677. 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). Date Accounts Amounts Credit Debit