Scape Corp. manufactures telephony equipment. Scape leased equipment to User, Inc. on January 1, 2021. Scape produced the equipment at a cost of $5,900,000. Lease description: Quarterly rental payments Lease term No residual value; no BPO Economic life of equipment Implicit interest rate and lessee's incremental borrowing rate Fair value of asset 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 and amortization are recorded at the end of each fiscal year (December 31). journal entry required" in the first account field. Round your answers to the n View transaction list Scape Corp. manufactures telephony equipment. Scape leased equipment to User, Inc. on January 1, 2021. Scape produced the equipment at a cost of $5,900,000. Lease description: Quarterly rental payments Lease term No residual value; no BPO Economic life of equipment Implicit interest rate and lessee's incremental borrowing rate Fair value of asset 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 and amortization are recorded at the end of each fiscal year (December 31). journal entry required" in the first account field. Round your answers to the n View transaction list