Hi. I need help with solving number 2. Can anyone explain step by step process of how to find the answers? Thanks.

Argyle Ltd. signed a 36-month lease to rent a new computer for $170 per month. The fair value of the computer is $3,300. The lease will commence on 1 November 20X1 with payments beginning immediately. Assume that Argyle Ltd's IBR is 0.6% per month. Argyle is unaware of the implicit rate in the lease. (PV of $1. PVA of $1. and PVAD of $1.) (Use appropriate factor(s) from the tables provided) Required: 1-a. Is Argyle Ltd. able to account for this lease as a low-value lease? Yes 1-b. What journal entry would be recorded for this lease? (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) 2-a. Argyle Ltd. is able to find a used computer for $130 per month instead of having to pay $170 per month. The fair value of the asset in its current condition is $2,400 but when new, the computer costs slightly over $5,900. Is Argyle Ltd. able to account for this lease as a low-value lease? Yes No 2-b. What journal entry would be recorded for this lease? (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your final answers to the nearest whole dollar amount.) 2-b. What journal entry would be recorded for this lease? (If no entry is required for a transaction/event, sele required" in the first account field. Round your final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet