Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians" Leasing purchased a lithotripter from Rand for \$2,450,000 and leased it to Mid-South Urologists Group, Inc,, on January 1, 2021. (FV of \$1. PV of \$1, EVA of S1, PVA of S1, EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tabies nroulfed.) Required: 1. How should this lease be classifled by Mid-South Urologists Group and by Physicians' Leasing? 2. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2021. Adjusting entries are recorded at the end of each fiscal year (December 31). 3. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the lease payment on April 1, 2021. Complete this question by entering your answers in the tabs below. How should this lease be classified by Mid-South Urologists Group and by Physicians' Leasing