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 $258,500, its fair value. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term Quarterly lease payments Economic life of asset Interest rate charged by the lessor Required: 2 years (8 quarterly periods) $23,500 at Jan. 1, 2021, and at Mar. 31, June 30, Se thereafter 5 years 8% 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 he end of each quarter. O 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 lea 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 answers to the nearest whole dollar.) No 1 Date January 01, 2021 Right-of-use asset Lease payable General Journal Show le Debit Credit 175,592 175,592 (