complete both requirements

Rumsfeld Corporation leased a machine on December 31,2024 , for a three-year perlod. The lease agreement calis for annual payments in the amount of $19,500 on December 31 of each year beginning on December 31.2024 . Rumsteld has the option to purchase the machine on December 31,2027, for $23,500 when its fair value is expected to be $33,500. The machine's estirnated useful life is expected to be four years with no residual value. The appropilate interest rate for this lease is 8%. Required: 1. Calculate the amount to be recorded as a right-of-use asset and the associated lease liability. 2. Prepare an amortization schedule for this lease. Complete this question by entering your answers in the tabs below. Calculate the amount to be recorded as a right-of-use asset and the associated lease liability. Note: Round your intermediate calculations and final answer to the nearest whole dollar amounts. 1. Calculate the amount to be recorded as a fight-of-use asset and the associated lease llability 2. Prepare an amortization schedule for this lease. Complete this question by entering vour answers in the tabs below. Prepare an amortization schedule for this lease. Note: Round your intermediate calculations and final answors to the nearest whole dollar ameunts