Shasta.

a$)$ This problem pertains to the LESSEE. What type of lease is this?

b$)$ Who is the Lessor?

c$)$ Who is the Lessee?

d$)$ What is the present value of the lease payments?

Note: Round answer to the nearest whole number.

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e$)$ Prepare the appropriate journal entries for the LESSEE from the beginning of the lease through the end of Year $1.$

Note: Round answers to the nearest whole number, if applicable.

Please answer all parts of the question.