On January 1, 2021, Nath-Langstrom Services, Inc, a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $17.500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computer World at a cost of $105,000 and were expected to have a useful life of six years with no residual value. Both firms record amortization and depreciation semiannually. (V of $1. PV of $1. EVA of $1. PVA OCS), EVAD OS1 and PVAD 5.1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Noth-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Complete this question by entering your answers in the tabs below. Required 1 Required 2