On December $31,2024,$ Cullumber Company leased machinery Iroen lvarhoe Corporation for an agreed upon lease term of $3$ years. Cullumbter agreed to make annual ledase paymknts of $$22\mathrm{.}000.$ begiming on December $31,2024.$ The eapected residual value of the machipery at the end of the leave term is $$11\mathrm{.}000.$Cullumber guarantees a residual value of $$1000$ at the wnd of the lease term. What if the expected reaidual value at the end of the lease term is $8,000$ and Cullumber guarantees a resodual of $11,000?$