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 $257,000, its fair value. (FV of $1, PV of $1, FVA 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 Economic life of asset Interest rate charged by the lessor 2 years (8 quarterly periods) $22,000 at Jan. 1, 2021, and at Mar. 31, June 30, Sej 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. Journal entry worksheet Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits. Date Debit Credit General Journal Lease payable June 30, 2021 Cash Record amortization of the right-of-use asset for Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 Journal entry worksheet Record amortization of the right-of-use asset for Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit September 30, 2021 Journal entry worksheet Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Journal entry worksheet 2 3 4 5 6 7 8 9 10 > Record amortization of the right-of-use asset for Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021