waterworld company leased equipmentfrom costner company, beginning on desember 31,2018. the lease term is 4 years and require equal rental payments of $41,933 at the beginning of each year of the lease, starting on the commencement date(december 31, 2918). the equipment has a fair value at the commencement date of the lease of $150,000, and estimated useful life of 4 years, and no estimated residual value. the appropiate interest rate is 8%. prepare waterworld's 2018 and 2019 journal entries, assuming waterworld depreciates similar equipment it owns on a stright-line basis