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Problem 15-15 Non-lease payments: lessor and lessee (LO15-2, 15-7] On January 2018. Lesco Leasing leased regulamento Quality Services under a financeses type lease designed to earn NRC 128 Tate return for providing og term financing the agreement specified:KEVESEP ESE EVA . PVA SLEVADOS and PVADS (Use appropriate factors from the tables provided Ten annual payments of $60 000 beginning January 2018, the beginning of the lease and each December 3 teatter through 2026 b. The estimated useful fe of the leased equipment is 10 years with no residual value. Its costolesco was $348,054 c. The lease qualifies as a finance lease sales-type lease d. A 10-year service agreement with Quality Maintenance Company was negotiated to provide maintenance of the equipment as required Payments of $5.000 per year are specified, beginning January 11 2018. Lesco was to pay this costas incurred, but lease payments reflect this expenditure Also included in the $60.000 payments son insurance premium of $4.000 providing coverage for the equipment Required 1. Prepare the appropriate entries for both the lessee and lessor related to the lease on January 1 2018 2. Prepare the appropriate entries for both the lessee and less or related to the lease on December 31 2018 Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the appropriate entries for both the lessee and lessor related to the lease on January 1, 2018. (fra entry is required for a transaction/event, select 'Nojouma entry required in the first account field. Round your intermediate and final answers to nearest whole dollar View traction ist Journal entry worksheet

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