urgent please

On April 1, 2020, Star Inc. leased a machine to Dust Ltd. under a 5-year lease. Both companies use IFRS, have December 31 year-end dates, and use the straight-line method for amortization. Details on the capital lease are: The lease agreement requires Dust Ltd. to make annual lease payments of $49,000. This amount includes $1.500 for Insurance. Each payment is due every April 1. with the first payment due April 1, 2020, . At the end of the lease term, Star Inc. will keep the machine. Dust Ltd.'s incremental borrowing rate is 9% per year. Star Inc.'s implicit interest rate is 7% per year. The lessee knows the implicit rate in the lease. The fair value of the machinery on April 1, 2020 is $247,607. Star Inc.'s cost to buy the machine was $200,000 1. . At the end of the lease term, the machine is expected to have a residual value of $55,000, which the lessee guarantees. The machine has an estimated economic life of 6 years. Required: PARTA Prepare the journal entries for Dust Ltd., the lessee, from April 1, 2020 to April 1, 2021. PARTB Show the Balance sheet presentation for ONLY the Liabilities for Dust Ltd. on December 31, 2020. Note that these are the same facts as Question for the lessee On April 1, 2020, Star Inc. leased a machine to Dust Ltd, under a 5-year lease. Both companies use IFRS, have December 31 year-end dates, and use the straight-line method for amortization Details on the capital lease are: The lease agreement requires Dust Ltd. to make annualloase payments of $40,000. This amount includes $1.500 for Insurance. Each payment is due every April 1, with the first payment due April 1, 2020 . At the end of the lease term, Star Inc. will keep the machine Dust Lid's incremental borrowing rate is 9% per year. Star Inc.'s implicit interest rate is 7% per year. The lessee knows the implicit rate in the lease. The fair value of the machinery on April 1, 2020 is $247,607. Star Inc.'s cost to buy the machine was $200,000 . At the end of the lease term, the machine is expected to have a residual value of $55,000, which the losseo guarantoon. The machine has an estimated economic life of 6 years. Required: Prepare the journal entries for Star Inc., the lessor, from April 1, 2020 to April 1, 2021. 7 " E E DEBIT CREDIT DATE ACCOUNTS