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 $254,000, its fair value. (EV 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.). Related Information: Lease term Quarterly lease payments 2 years (8 quarterly periods) $19,000 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Economic life of asset Interest rate charged by the lessor 5 years 84 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Amort Schedule General Journal 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.) No 2 Date January 01, 2021 Right-of-use asset Lease payable January 01, 2021 Lease payable Cash March 31, 2021 Interest expense Lease payable Cash March 31, 2021 Amortization expense Right-of-use asset General Journal 300 00 Show less A Debit 141,968 Credit 141,968 19,000 19,000 ( 2,459 16.451 19,000 17,746 17,746