with this lease.

Required

a$.$ Recalculate the lessor's lease payment.

Note: Round answer to the nearest dollar.

Note: Do not use a negative sign with your answer.

Lease payment $ $,68,079$

b$.$ Prepare the entries for the lessor for the year, assuming that the lessor uses the straight$-$line method to depreciate fixed assets.

c$.$ If the lessor incurred a commission to secure the acceptance of the lease agreement for $$800,$ what entry would be required by the lessor on January $1$ and December $31?$

d$.$ How would the lease be classified if instead, the lessee guaranteed a residual value of $$64,000?$ THE ANSWER IS NOT $800$