Moving to another question will save this response. Question 4 of 8 Question 4 17 points Save Anne On January 1, 2020, Rogers leased equipment from Stark Corporation under a nine year lease agreement. The lease agreement specifes annual payments of $150,000 beginning January 1, 2020, the beginning of the lease, and at each December 31 thereafter through 2027. The equipment was acquired recently by Stark at a cost of $1,080,000 (its fair value) and was expected to have a useful life of 13 years with no salvage value at the end of its life. Stark usually finances equipment for companies at a rate of 10% PV of an ordinary annuity, n = 9:1 10% PV of an annuity due; n = 9:1-10% 5.75902 6.33493 Required: 1. Prepare the journal entries for Rogers at January 1, 2020 and December 31, 2020. Round your answers to the nearest whole dollar amounts. 2. Prepare the journal entries for Stark Corporation at January 1, 2020 and December 31, 2020. Round your answers to the nearest whole dollar amounts. Paraaran Ava