Eye Deal Optometry leased vision testing equipment from Insight Machines on January 1, 2021. Insight Machines manufactured the equipment at a cost of $300,000 and lists a cash selling price of $344,786. Appropriate adjusting entries are made quarterly (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided) Related Information Lease term Quarterly lease payments Leonanie te of annet Interest rate charged by the lesson 5 years (20 quarterly perioda) $22,500 at Jan 1, 2021, and at Mar. 31 June 30, Sept. 30, and Dec. 31 thereafter 5 years 121 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 field. Round your intermediate calculations and final answer to the nearest whole dollar) View transactional View transaction list Journal entry worksheet Journal entry worksheet Journal entry worksheet