Reposting this question...please share journal entries from 2022 to 2025 Need help with JE for both Lessor & Lessee from beg of 2022 to 2025 year end.

Lehman Dairy leases its milking equipment from Chavez Finance Company under the following lease terms. - The lease term is 8 years, noncancelable, and requires equal rental payments due at the beginning of each year starting January 1,2022. - The equipment has a fair value of $425,000, and cost Chavez $300,000, at the inception of the lease (January 1,2022 ). - Lehman Dairy has the option to purchase the equipment for $9,000. This represents a significant discount on the equipment. - The estimated economic life of the equipment is 10 years, and a residual value (which is guaranteed by Lehman Dairy) of $20,700. If the purchase option is not exercised, Lehman Dairy expects to pay $12,000 under the guaranteed residual value. - The lease contains no renewable options, and the equipment reverts to Chavez Finance Company upon termination of the lease, if the purchase option is not exercised. - Lehman Dairy's incremental borrowing rate is 8% per year. Chavez's implicit rate is 6% and is known to Lehman Dairy