American Food Services, Incorporated leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2024. The lease agreement for the $4.8million (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 ino residual value. Barton and Barton's implicit interest rate was 9%. Note: Use tables, Excel, or a financial calculator. (EV af S1. DV of S1. EVA of S1, DVA of S1. EVAD of S1 and PVAD of S1) Required: 1. Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2024. 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 31,2024 and 2026. Complete this question by entering vour answers in the tabs below. Prepare an amortization schedule for the fouryear term of the lease. Notes. Enter your arswers in whole dollars and not in millons. Round your intermediate and finol answers to the nearest whole. dollat: Journal entry worksheet Record the lease payment and interest expense for American Food Services. Note: Enter debits before credits. Journal entry worksheet Record the amortization for American Food Services. Note: Enter debits before credits. Journal entry worksheet Record the lease payment and interest expense for American Food Services. Note: Enter debits before credits. Journal entry worksheet Record the amortization for American Food Services. Note: Enter debits before credits