Sunset Company as lessee enters into a lease agreement on January 1, 2015, for equipment. the following data are relevant to the lease agreement: the term of the noncancelable lease is four years, with no renewal option. Payments of $57, 365 are due each December 31, beginning on December 31, 2015. the fair value of the equipment on January 1, 2015, is $250,000. the equipment has an economic life six years with no salvage value. Sunset employs the straight-line depreciation method. the lessor used an implicit rate of 8% in computing the lease payments. the present value annuity factor for four periods at 8% is 3.31213 Prepare the necessary entries on the books of Sunset Company under old GAAP for the following dates: (Round all amounts to the nearest dollar.) January 1, 2015. December 31, 2015. December 31, 2016. under new Prepare the necessary entries on these same dates for Sunset Company GAAP