Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of leasing a $32,000 backhoe (Backhoe 6)....

Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of leasing a $32,000 backhoe (Backhoe 6). The backhoe may be returned to the lessor at any time without penalty. The lease payment is not paid at this time.