Teurs of a kease ageemern and related facts are:

a$.$ A Leased asset $($equipmeril has a retal cash seling price of $$200,000.$ its usefu ithe is six years

b$.$ Annual lease payments of the begrong of each your are $$41,746$ beginning lantary $1.$ The lease term is six yars.

c$.$ Lessor's merest sate when calculating annal leace paymems was $9\%.$

d$.$ Drect costs by the lesson of legal and commissians to exole the corpoled lease are $54,724.$

Required:

Prepare the appropuate journal entries for the lestor in record the lease, the intalledse parment at its commencement, and of the December $31$ fiscal year$-$end assuming that the lessor recently paid $$200,000$ to acqure the asset

Prepare the apcropriahe purnal entries for the lessor to recond the lease, the intial leace payment at is commencement. sond a the December $31$ frocal yeat$-$end assiming irstead that the lessat recently paid $$170000$ to acquire the asset.

Complete this question by entering your answers in the tahs bedow.

Required $2$ the nucest whote doular amourts.