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 $4.1 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 five years with no residual value. Barton and Barton's implicit interest rate was 10%, (EV of $1. PV of $1. FVA of $1. PVA of S1, EVAD of $1 and PVAD 0f $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 schedule 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. nces Reg 1 Reg 2 Reg 3 and 4 Prepare an amortization schedule for the four-year term of the lease (Enter your answers in whole dollars and not in millions Round your answers to the nearest whole dollar. Enter all amounts as positive values Lease Amortization Schedule Lease Effective Year Decrease in Outstanding Payments Interest Balance Balance 1.293,428 2021 4.100.000 410.000 883428 3.216.572 2022 3216,572 321657 971,771 2,244.801 2023 3,216,572 224.400 1.068.948 1.175,053 2024 3,216,572 2.040,719 1.175,853 0 Total 13.749,716 2.996,856 4.100.000