4 Eye Deal Optometry leased vision testing equipment from Insight Machines on January 1, 2021. Insight Machines manufactured the equipment at a cost of $270,000 and lists a cash selling price of $369,077. Appropriate adjusting entries are made quarterly (FV of 51. PV of $1 EVA of 31 PVA of S1. EVAD of S1 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) 333 po Related Information Los tem Quarterly lease payments Econonte te of set Interest rate charged by the lesson 5 years (20 quarterly periode) 520,250 at Jan. 1. 2021, and at Mar. 31. June 30, Sept. 30, and Dec.) thereafter 5 years 41 Required: 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1 2021, and on March 31, 2021 2. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning. January 1, 2021, and on March 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction event, select "No journal entry required in the first account held Round your intermediate calculations and final answer to the nearest whole dollar) View transaction Journal entry worksheet Journal entry worksheet Record the beginning of the lease for Eye Deal. ces Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general Journal Journal entry worksheet