2 Exercise 15-2 Finance lease; calculate lease payments (LO15-2) American Food Services, Inc., Jleased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2018. The lease agreement for the $5.8 milion (fair value and present value of the lease paymeets) machine specified four equal payments at the end of each year The useful life of the machine was expected to be four years with no residual value. Barton and Barton's implicit interest rate was 8%/of St. Pyof$1. EVAofSt PVAoSt EVADofS1 and PVAD of SD (Use appropriate factors) from the tables provided.) 2325 Required: 1. Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2018 2. Prepare an amortiration schedule for the four-year term of the lease 3.& 4. Prepare the appropriate entries related to the lease on December 31, 2018 and 2020 Commplete this question by entering your answers in the tabs below Req 1 Req 2 Reg 3 and4 Prepare the journal enbry for American Foed Services at the beginning of the lease on January 1, 20LB. (If no entry is required for a particuler transaction, select "No joumal entry required in the first account field. Enter your answers in whole Journal entry worksheet Record beginning of the lease for American Food Services 2 3