Three different lease transactions are presented below for Carla Vista Enterprises. Assume that all lease transactions start on January 1, 2021. Carla Vista does not receive title to the properties, either during the lease term or at the end of it. The yearly rental for each of the leases is paid on January 1 starting on January 1, 2021. Carla Vista Enterprises prepares its financial statements using ASPE. Manufacturing Equipment Vehicles Office Equipment Lease term Estimated economic life Yearly rental payment 5 years 6 years 3 years 15 years 7 years 6 years $15,370 $15,348 $3,928 Fair market value of leased asset $99,050 $89,150 $16,910 Present value of lease rental payments $58,910 $69,023 $10,340 How should the lease transaction for each of the above assets be recorded on Jahua 1, automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1 Jan. 1 (To record payment for manufacturing equipment lease.) Jan. 1 (To record payment for office equipment lease.) (To record lease asset and liability for vehicles.) Debit Credit I