Balance Sheet 2020 2019 2021 Company A started at the beginning of 2019. They entered into a lease with Jan 1st as both inception and commenment date The Lease term is as below -5 yr non-cancellable -5% interest rate equal payment of $22916.51 at the end of each year - $1,000 bargining purchase option at the end of lease term Useful life of this asset is 6 years with O residual value Asset Current Asset Cash Accounts Receivable Prepaid Expenses Future Tax Asset ? ? 120000 8000 ? ? 100000 5000 ? 150000 2000 ? Tax rate 25%, 30% and 35% each of the year Long-term Asset ? Total Assets Earnings before interest, amortization and taxes for each year 2019 $1,23,456 2020 $2,34,567 2021 $3,45,678 Liabilities Current Liabilities Accounts Payable Unearned Revenue Future Tax Liabilities 100000 10000 ? 80000 8000 ? 90000 12000 Requests a) Prepare amortization table for the lease b) Record all related Jes c) Complete the balance sheet ? Long-term Liabilities ? Total Liability ? Shareholders' Equity Retained Earnings Common Equity Total Shareholders' Equity ? 200000 ? 200000 200000 Total Liability and Equity