2. Jones Company leased a machine from Halifax Corporation on January 1, 2018. The machine has a fair value of $20,000,000. The lease agreement calls for four equal payments at the end of each year in the amount of $6,309,410. The useful life of the machine was expected to be four years with no residual value. The appropriate interest rate for this lease is 10%. Prepare the appropriate journal entry for year 1, year 2 and year 3 on Jones' books. + M McGraw-Hill Connect | My Cours X F Upload Assignment C15 Graded x Braden Shulfer 15 Search SH ment- Intermediate ACC... Upload Failed Review View Help ' 4 Ide Insert DR Delete- Format Sort & Find & Filter Select General Wrap Text Id Editing $ -% 48-99 Conditional Format as Cell Formatting Table Styles Styles Cells Merge & Center 5 Number mt PY P N o M H G 24,664 0,000.00 $11,573.12 20,000,000.00 EN $6,309,410.00 0