please solve A through C and show how you calculated each value

Recording Sales-Type Lease, Purchase Option-Lessor Fint Company leased egupment to Land Company for a five-yar period. Fint pad sus sss for the equipmene which equals its currare carryeg value (with estimated vieful life of five yeara. the lease commenced onjanuafy 1 of Year 1 . Fline uses a target rate of return of 8W in all lesse contracts. The firat pagenent was received on january 1 of vear 1 , and flints accounting periods end on Decenther 31 . The lease contract contains a purchase option stacing that Land Company can purchune the equipment for 34,600 en january 1 of Vear 6 , at which time ts residual vilue is estimated to be \$5,5c0. it is reatonably certain that Land Company will exercise the purchap option at the end of the lease term. a. Conpute the annual payment calculated by the iessor. - Note: Aound answer to the nearest doltar. - Note: Do not use a negative sign with your answer. 1 b. Prepare a schedide of the inase recewable for the lessor tor the fill lease term. - Note found each amoant in the scheduas to the nearest whole cotar, vie the rounded amount for ater cicuabions in the somedule. c. Prouide jaurnal entries tor Year I and Year 2 for the lessor astuming that the equpment is hedd in the lessorls inventory account. c. Provide journal entries for Year 1 and Year 2 for the lessor assuming that the equipment is held in the lessor's Inventory account. - Note: Round your answers to the nearest whole dollar