A lease agreement that qualifies as a finance lease calls for annual lease payments of $20,000 over a five-year lease term (also the assets useful life), with the first payment on January 1, the beginning of the lease. The interest rate is 4%. Required: Complete the amortization schedule for the first two payments. If the lessees fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of