Current Attempt in Progre The following facts pertain to a non-cancelable lease agreement between Pharoah Leasing Company and Shamrock Company, a lessee May 1, 2020 $15,852.19 $5,000 Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2020 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost 5 years 10 years $50,000 $68,000 Fair value of asset at May 1, 2020 11 % Lessor's implicit rate Lessee's incremental borrowing rate 11 5 The collectibility of the lease payments by Pharoah is probable. Click here to view factor tables (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Prepare a lease amortization schedule for Shawock for the 5-year lease term (Round answers to 2 decimal places, s 5.275.15) SHAMROCK COMPANY (Lesseel Lease Amortization Schedule Interest on Reduction of Lease Liability Liability Annual Lease Payment Plus BPO iste Leave Labi 120 $ $ V20 121 122 23 1/24 10/25 $ Assistance Used e Textbook and Media