Sheffield incorporated leases a piece of equipment to Shamrock Corporation on Jantary 1,2025. The lease agreement called for annual rental payments of $5,613 at the beginning of each year of the 4 -year lease. The equipment has an economic useful life of 6 years, a fair value of $26,600, a book value of $21,600, and both parties expect a residual value of $8,200 at the end of the lease term, though this amount is not guaranteed, Shefheld set the lease payments with the intent of earning a 4% return, and Shamrock is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view factor tables. (For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided.) (a) Determine the nature of the lease to both Shetheld and Shamrock: The lease is a/an 3ease to Sheffield. The lease is a/an lease to Stamrock. Prepare the lease amortization schedule(s) for Shamrock for all 4 years of the lease. (Round answers to 0 decimal ploces, eg. 5,275. eTextbook and Media Prepare the journatentries for Shamrock for 2025 and 2026 . (Uist all debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts Record journal entries in the order presented in the problem)