ABC limited leased equipment on $1$ January $2022.$ The lease provided for four annual lease rentals of ksh $10$ million payable in advance. The equipment has a useful life of four years and a nil residual value. The lessee incurred sh $0\mathrm{.}9$ million in legal cost to complete the lease agreement. The cash selling price of the equipment was sh $32\mathrm{.}1$ million. The interest rate implicit was $17\%$ per annum.

Required;

i$.$Prepare the finance lease obligation amortization schedule $10$ marks

ii$.$Prepare journal entries to record the transaction for the year ended $31$ December $2022.$

$5$ marks