American Food Services, Inc leased a packaging machine from Barton and Barton Corporation Barton and Barton completed construction of the machine on January 1, 2021 The lease agreement for the $4 million (fair value and present value of the lease payments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be four years with no residual value Barton and Barton's implicit interest rate was 10% (EV 19. ev of $1. EVA [ $1. PVA of $1. EVAD of 51 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2021. 2. Prepare an amortization schlechule for the four-year term of the lease 3. & 4. Prepare the appropriate entries related to the lease on December 31, 2021 and 2023 Complete this question by entering your answers in the tabs below. Reg1 Reg 2 Req 3 and 4 Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2021. (Enter your answers in whole dollars and not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account hield.) View transaction list View joumal entry worksheet No Date General Journal Debit Credit January 01, 2021 Right-of-use asset 4,000,000 Lease payable 4,000,000 1 Reg 2 >