Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $259,000, its fatr value (FV of $1. PV of I. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Quarterly lease payments Econode 11 Fe of asset Interest rate charged by the lesson 2 years (8 quarterly periods) 524,000 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 38, and Der thereafter 5 years 12 Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter. Complete this question by entering your answers in the tabs below. Amort Schedule General Journal Prepare a lease amortization schedule. (Round your intermediate calcations and final answers to the nearest whole dollar. Enter all amounts as positive values.) Payment Date Lease Effective Decrease in Payments Interest Balance Lease Balance 01/01/2021 03/31/2021 06/30/2021 09/30/2021 12312021 03312022 06/30/2022 09030/2022 Total Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021 December 3115 the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter Complete this question by entering your answers in the tabs below. Amort Schedule General Journal Doc 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 jour entry required in the first account field. Round your intermediate calculations and final answers to the nearest whole dollar.) Show less View transaction list Journal entry worksheet 2 3 4 5 6 I Record the beginning of the lease for Baillie Power 1 7 3 8 9 10 > En dels before credits Date General Journal Debit Credit January 01, 2021 Record and Clear entry View general journal