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Question 5 Assume that on January 1, 2022, Humphrey's Restaurants NV sells a computer system to Liquidity Finance for E680,000 and immediately leases back the computer system. The relevant information is as follows. 1. The computer was carried on Humphrey's books at a value of E600,000. 2. The term of the non-cancelable lease is 3 years; title will not transfer to Humphrey's, and the expected residual value at the end of the lease is 6450,000, all of which is unguaranteed. 3. The lease agreement requires equal rental payments of E1 15,970 at the beginning of each year 4. The incremental borrowing rate for Humphrey's is 8%. Humphrey's is aware that Liquidity Finance set the annual rental to ensure a rate of return of 8%. 5. The computer has a fair value of E680,000 on January 1, 2022, and an estimated economic life of 10 years. Instructions Prepare the journal entries for both the lessee and the lessor for 2022 to reflect the sale and leaseback agreement