CNH Capital (NLD) (a subsidiary of CNH Global) and Ivanhoe Mines Ltd. (CAN) sign a lease agreement dated January 1, 2015, that calls for CNH to lease a front-end loader to Ivanhoe beginning January 1, 2015. The terms and provisions of the lease agreement and other pertinent data are as follows The term of the lease is five years. The lease agreement is non-cancetable, requiring equal rental payments of $ 129,908.10 at the beginning of each year annuity-due basis The loader has a fair value at the inception of the losse of $ 500,000, an estimated economic life of five years, and no residual value Ivanhoe pays all of the executory couts directly to third parties except for the property taxes of $ 10,000 per year, which is included as part of its annual payments to CNH Ivanhoe's incremental borrowing rate is 11 percent per year CNH sets the annual rental to earn a rate of return on its investment of 10 percent per year a)Ivanhoe records the finance lease on its books on January 1, 2015 b) Ivanhoe records the first lease payment on January 1, 2015, as follows c) Prepare the entry to record accrued interest at December 31, .2015 d) Show the schedule for 2015-2019 3 Marks