Refer to Practice 15-12. Assume that the lease is accounted for as a direct financing lease instead of as an operating lease. The interest rate implicit in the lease is 9%. Make the journal entries necessary on the lessor’s books to record

(1) The signing of the lease,

(2) The receipt of the initial $6,800 lease payment on the lease-signing date, and

(3) The recognition of interest revenue at the end of the first year.