Need help on this question. Everything in green is correct. Please explain how you got the answer. Thank you will give thumbs up!

Sarasota Incorporated leases a piece of equipment to Metlock Corporation on January 1, 2020. The lease agreement called for annual rental payments of $5,441 at the beginning of each year of the 4-year lease. The equipment has an economic useful life of 6 years, a fair value of $26,400, a book value of $21,400, and both parties expect a residual value of $8.100 at the end of the lease term, though this amount is not guaranteed. Sarasota set the lease payments with the intent of earning a 6% return, and Metlock is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. a $$ Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Your answer is correct. Determine the nature of the lease to both Sarasota and Metlock. The lease is a/an operating lease to Sarasota. The lease is a/an operating lease to Metlock. e Textbook and Media List of Accounts Attempts: 1 of 5 used (b) Your answer is partially correct. Prepare the lease amortization schedule(s) for Metlock for all 4 years of the lease. (Round answers to decimal places, eg. 5,275.) METLOCK CORPORATION Lease Amortization Schedule Annuity-Due Basis Annual Payment Reduction of Lease Liability Interest on Liability Lease Liability 0 $ 0 $ 0 0 5,441 5,441 1 5,441 2 5,441 3 5,441 Lease Expense Schedule Amortization of Lease Expense (Straight-Line) Interest on Lease Liability ROU Asset Carrying Value of ROU Asset $ 0 $ 0 $ 0 . 5,441 5.441 2 5,441 3 5,441