CLICK HERE TO SAVE YOUR WORK G1 A B 1 Question 6 2 C D MAX TOTAL 2 Merge Cell 3-Insert Row 3+ Delete Row Remove Conditional E ACTUAL F G H Pick made a first lease payment of no residual value. 3 Pick Corporation (lessee) recorded a lease, including right-of-use asset and a lease liability, at $362,659 on January 1, 2019. The lease requires 6 7 Instructions B 1. Prepare Lease Amortization Schedule for the lease term (round to the whole number) 9 2 M N $3,200,000 on January 1, 2019. The interest rate is 10% 17 annual payments in the beginning of the calendar year with 10 3 11 4. 12 13 13 Prepare Pick Corporation's January 1, 2019 entry at the beginning of the lease, including the first lease payment. Prepare December 31, 2019 adjusting entries Prepare January 1, 2020 entry to record the second lease payment. Identify and provide examples of the exceptions from lessee accounting, when the lessee is not required to recognize right-of-use asset and a lease liability at the lease commencement date. 24 15 16 17 18 19 20 21 22 23 24 1. Instructions READ ME FIRST 2 Your Name and ID 01 02 03 04