United Cellular Systems leased a satellite transmission device from Pinnacle Leasing Services on January $1,2021.$ Pinnacle paid $$800,000$ for the transmission device. Its fair value is $$800,000.$Terms of the Lease Agreement and Related Information:Required:$($lessor$)\mathrm{.}1.$ Prepare the appropriate entries for both United Cellular Systems and Pinnacle LeasingServices on January $1,2021,$ the beginning of the lease.Prepare an amortization schedule that shows the pattern of interest expense for United Cellular Systems and interest revenue for Pinnacle Leasing Services over the lease term$\mathrm{.}3.$ Prepare the appropriate entries to record the second lease payment on July $1,2021,$ and adjusting entries on December $31,2021($the end of both companies' fiscal years$)\mathrm{.}4.$ What will United Cellular Systems report in its income statement in connection with the lease for the year ended December $31,2021?$