Scape Corp. manufactures telephony equipment. Scape leased equipment to User, Inc. on January 1. 2021. Scape produced the equipment at a cost of $5,100,000. Lease description: Quarterly rental payments $ 464, 353 at beginning of each period Lease term No residual value; no BPO 6 years (24 quarters) Economic life of equipment 6 years Implicit interest rate and lessee's incremental borrowing rate 12% Fair value of asset $ 8, 109,one Required: Prepare appropriate entries for both User and Scape from the beginning of the lease through the second rental payment on April 1. 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). Complete this question by entering your answers in the tabs below. User Inc Scape Corp Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) View transaction list X 1 Record the lease. Record the cash payment. 3 Record the cash payment. Credit Note : = journal entry has been entered