this is resent to tuitor cited previous image unclear so this should not counted to deduct my numbers of time to ask tuitor Thnks

Exercise 10.9 Accounting by lessee and lessor Eliza Ltd (Lessee) decided to lease from Ford Ltd (Lessor/dealer) a car that had a fair value at 30 June 2022 of $38 960. The lease agreement contained the following provisions. Lease term 3 years Annual rental payments (commencing 30/6/22) $11 200 Guaranteed residual value (expected fair value at end of lease term) $12 000 The expected useful life of the vehicle is 5 years. At the end of the 3-year lease term, the ca was returned to Ford Lid, which sold it for $10 000. The annual rental payments include an amount of $1200 to cover the cost of maintenance and insurance arranged and paid for by Ford Ltd Required 1. Prepare the journal entries for Eliza Ltd from 30 June 2022 to 30 June 2023. (within the first year) 2. Assuming that the lease is a finance lease from the perspective of Ford Ltd, prepare the journal entries for Ford Ltd from 30 June 2022 to 30 June 2023. (within the first year)