2. (25 pts) Ragnar Company leased a machine from Lagatha Leasing. The lease is for four years. The life of the asset is four years. The lease is non-cancelable. Ragnar's borrowing rate is 8% and knows Lagatha's earnings rate of 6%. The lease requires four payments at the beginning of each year of $100,000. There is a guaranteed residual value of $15,000, but Ragnar expects to retum the asset with a worth of $10,000. The lease begins January I, 2023. a. Determine the cost to Ragnar using tables from Chapter 6 and prepare an amortiztion schedule below. b. Joumalize the January 1,2023 inception of the lease and first payment. c. Assuming Ragnar uses straight line amortization, journalize the interest aceral and amortization for December 31,2023