Question: correct answer please Skysong Inc. entered into a five-year lease of equipment from Matusek Inc on July 1. 2021. The equipment has an estimated economice

correct answer please

Skysong Inc. entered into a five-year lease of equipment from Matusek Inc on July 1. 2021. The equipment has an estimated economice life of eight years and fair value of $225,000. The present value of the lease payments amounts to $194,045. The lease does nothave a bargain purchase option and ownership does not transfer to Skysong at the end of the lease Record the transaction assuming Skysong follows ASPE. (Credit account titles are outomatically indented when the amount Is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amount: Round answe to 0 decimal places, eg. 5,275.)

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