Answer the following question on leasing.

ClassCo: Lessee Annual payment on first of year in advance for that year 6 year term, 6 year life entered into lease 1/1/x1 first payment 1/1/x1 capital lease last payment 1/1/x6 lease expires: 12/31x6 Unguaranteed residual Annual Payment: Incremental borrowing rate $12,000 $111,000 85% To Do: A> Schedule Showing by year&total Payments Capitalized Asset value Imputed interest Depreciation [straight line] Also 3 JE; s 1/1/x1at inception 2/31/x1assume this is only JE for lease ?depreciation of this item in x2 2/31/x2assume this is only JE since inception in x2