On January 1, 2016, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers from ComputerWorld Corporation under a two-year operating lease agreement. The contract o calls for four rent payments of $15,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $101,000 and were expected to have a useful life of five years with no residual value. Required: Prepare the appropriate entries for the lessee (Use straight-line depreciation.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 View transaction list X 1 Record the leastpayment 2 Recorded the least,"28962 for December e t|Cred Note : . = journal entry has been entered Prepare the appropriate entries for the lessor from the inception of the lease through the end of 2016. (Use straight-line depreciation.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record cash received. 2 Record cash received. 3 Record depreciation expense