Bailie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment. from Doane Machines at a cost of \$255,500, its fair value (FV of \$1. PV of \$1. EVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: Prepare a lease amortization schedule and appropriate entries for Bailie Power from the beginning of the lease through December 31. 2021. December 31 is the fiscal year end for each company. Appropirate adjusting entries are recorded at the end of each quarter. Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dollar. Enter all amounts as positive values.) Record the appropriate adjusting entries at the end of each quarter for Baillie Power from the commencement of the lease through January 1, 2021. December 31 is the fiscal year end for each company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answers to the nearest whole dollar.) Show less Journal entry worksheet