A company has rented a building for 7 years, starting on January 1, 2020. Annual rent is $450,000 and will be paid at every year-end. The leasing agreement does not include any implicit interest rate but the leasee's last credit for another project had 14% interest rate. Given the information above;

a. Please prepare a loan amortization table (you can use Excel for preparing this table) b. Make the necessary accounting records for the beginning of lease agreement e. Make the necessary accounting records for the end of first year (including payment).