The following information relates to a lease contract:
The lessee guarantees the residual value at 1-1-x4. 
There are no uncertainties with respect to collectability of lease payments or performance by lessor.
(a)Determine the annual lease payment
(b)Classify the lease for both lessee and lessor
(c)Record the 2014 entries for both parties
Definitions:
Womb Envy
A concept in Neo-Freudian psychology suggesting that males may feel envy towards the biological abilities of females, such as pregnancy and childbirth.
Margaret Mahler
A psychoanalyst known for her work in child development and her theories on the separation-individuation process of infants.
Karen Horney
A prominent psychoanalyst known for her theories on neurosis, personality, and the importance of sociocultural factors in mental health.
Anna Freud
Anna Freud was an Austrian-British psychoanalyst known for founding child psychoanalysis and for her work on defense mechanisms.
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