D F G H K 3 as a financing lease, and is aware that the implicit rate in the lease is 7%. 1 On 1/1/20, Bechtal Company leased machinery with a fair value of $1,600,000 from Green Corporation. The agreement is an 8-year 2 noncancellable lease requiring annual payments of $250,000 beginning 1/1/20. Bechtal appropriately accounts for the lease 4 7 B Prepare the amortization table and the journal entries Bechtal will make in 2022. What will Bechtal report as its lease liability at 12/31/227 9 10