Need help on E. I'm pretty sure the account titles are correct.

On January 1, 2020, Sunland Company leased equipment to Flynn Corporation. The following information pertains to this lease. 1 The term of the non-cancelable lease is 6 years. At the end of the lease term, Flynn has the option to purchase the equipment for $2,000, while the expected residual value at the end of the lease is $6,000. 2. Equal rental payments are due on January 1 of each year, beginning in 2020. 3. The fair value of the equipment on January 1, 2020, is $200,000, and its cost is $150,000. 4 The equipment has an economic life of 3 years. Flynn depreciates all of its equipment on a straight-line basis. 5. Sunland set the annual rental to ensure a 4% rate of return. Flynn's incremental borrowing rate is 5%, and the implicit rate of the lessor is unknown 6. Collectibility of lease payments by the lessor is probable. Both the lessor and the lessee's accounting periods end on December 31. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) a) Your answer is correct Discuss the nature of this lease to Sunland and Flynn. The nature of this lease for Sunland is a sales-type lease. The nature of this lease for Flynn is a finance lease. eTextbook and Media List of Accounts Attempts: 1 of 5 used (b) Your answer is correct. Calculate the amount of the annual rental payment. (Round answer to decimal places, eg. 5,275.) Annual rental payment $ 36,395 eTextbook and Media List of Accounts Assistance Used Attempts: 2 of 5 used (c) Your answer is correct. Prepare all the necessary journal entries for Sunland for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places, eg 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 10 Lease Receivable 200,000 Cost of Goods Sold 150,000 Sales Revenue 200,000 Inventory IN 150,000 (To record the lease) Cash 36,395 Lease Recevable 36,395 (To record lease payment) 31/20 V Lease Receivable 6544 Interest Revenue 6544 eTextbook and Media List of Accounts Attempts: 2 of 5 used (d) Your answer is correct. Suppose the collectibility of the lease payments was not probable for Sunland. Prepare the necessary journal entry for the company in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit 1/1/20 Cash 36,395 Deposit Liability 36,395 eTextbook and Media List of Accounts (e) Prepare all the necessary journal entries for Flynn for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places, eg 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 20 Right-of-Use Asset Lease Liability (To record the lease) 20 Lease Liability Cash (To record the lease payment) 31/20 Amortization Expense Right-of-Use Asset (To record amortization of the right-of-use asset) 31/20 Interest Expense Interest Payable (To record interest expense) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit