Baked Goods Inc. wants to lease an oven from Oven Corp. for use in its bakery business. Baked Goods's bank agrees to purchase the equipment from Oven Corp. and then lease the equipment to Baked Goods. In this scenario, identify who is the lessor and the lessee and why?

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The Answer of Baked Goods Inc. wants to lease an oven from Oven Corp. for use in its bakery business. Baked Goods's bank agrees to purchase the equipment from Oven Corp. and then lease the equipment to Baked Goods. In this scenario, identify who is the lessor and the lessee and why?