Required:a) Explain why the lease should be classified as a finance lease by both Lessor Ltd and ChiHerbal Ltd.b) Prepare a schedule of lease payments and the journal entries for ChiHerbal Ltd regarding the lease over the lease term.c) Prepare a schedule of lease receipts and the journal entries for Lessor Ltd regarding the lease over the lease term.d) Prepare an appropriate note to the financial statements for both Lessor Ltd and ChiHerbal Ltd as at 30 June 2016.