20. (4 points) On 01-01-19, C leased a machine with a useful life of 9 years. The noncancelable lease agreement required C to make 3 annual lease payments of $150,000 starting 12-31-19. At the end of the lease agreement (12-31-21), C will return the machine to the lessor. C's borrowing rate on 010119 was 4%. C uses the straight-line depreciation (amortization) method with no residual value and only prepares AJEs every December 31. Determine if this is a short-term or a long-term lease. If it is a long-term lease, determine if it is a long-term finance lease or a long-term operating lease. Prepare the lease-related entrics C should make on: a) 01-01-19 b) 12-31-19 c) 123120 d) 123121