37. (5 points) On 01-01-14, C leased a machine with a useful life of 10 years. The noncancelable lease agreement required C to make 6 annual lease payments of $250,000 starting 01-01-14. After making the last payment, C will retain the machine. Cs borrowing rate on 01-01-15 was 3.25%. C uses a straight-line depreciation method and assumes no salvage value. C only prepares AJEs every 12-31. Using current GAAP rules, i.e., determine if this is an operating or a capital lease, prepare the lease-related entries C should make on:a.01-01-14b.12-31-14c.01-01-15d.12-31-15