Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi-Tech manufactured the equipment at a cost of $91,500 Other information: Lease term 3 years Annual payments $ 43,000 on January 1 each year Life of asset 3 years Fair value of asset $ 119,682 Implicit interest rate B% Incremental rate ax There is no expected residual value. Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December 31 year end. (If no entry is required for tronsaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) Record the lease. Record the cash received. Record the interest revenue