BE$21\mathrm{.}2($LO$2)$ Jelly Co processes jam and sells is to the public. Jelly leases equipment used in iss production processes from Squishy, Inc. This year, Jelly leases a new piece of equipment from Squishy The lease term Is $5$ years and requires equal rental payments of $$15,000$ at the beginning of each year. In addition, there is a renewal opeion to allow Jelly to kecp the equipment one extra year for a puyment at the end of the fifh year of $$10,000($which Jelly is reasonably certain it will exercise$).$ The equipment has a fair value at the commencement of the lease of $576\mathrm{.}024$ and an estimated usefull life of $7$ years. Squistry set the anmual rental to earn a rate of return of $5\%,$ and this fact is known to Jelly. The lease does not transfer title, does not contain a bargain purchase option, and the equipment is not of a specialised nature. How should Jelly classify this lease?