4 Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2021. International Machines manufactured the equipment at a cost of $104,000. Manufacturers Souther's fiscal year ends December 31. (EV of SI. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) eBook Related Information: Lease term Quarterly rental payments Economic life of asset Fain value of asset Implicit interest rate 2 years (8 quarterly periods) $18,200 at the beginning of each period 2 years $135,990 BX H prim Required: 1. Show how International Machines determined the $18.200 quarterly lease payments. 2. Prepare appropriate entries for International Machines to record the lease at its beginning. January 1, 2021, and the second lease payment on April 1, 2021 etence Complete this question by entering your answers in the tabs below. Foored Required Show low international Machines determined the 518,200 quarterly law payments.ound your intermediate and final wers to the nearest Whole dollan Round your percentage wwer to doma PV factors based on Tote Castor lucion PV of Laos Lease Payment Required 2 > View transaction list Journal entry worksheet 1 2 3 > Record the lease. Noter Enter debits before credits General Joumal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal -Book Required 1 Required 2 Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2021, and the second lease payment on April 1, 2021. (if no entry is required for a transaction/event, stact "No journal entry required in the first account field Round your intermediate and final answers to the nearest whole doltar) Print View transaction list eferences Journal entry worksheet