Demir Leasing Company signs an agreement on January 1,2015 , to lease equipment to Azure Company. The following information relates to this agreement: 1. The term of the lease is 5 years. The equipment has an estimated economic life of 5 years with a residual value of zero. 2. The fair value of the asset on January 1,2015 , is 90,000. 3. The present value of the minimum lease payments is 85,653.55. 4. The agreement requires equal annual rental payments of 20,541.11 to the lessor, beginning on January 1,2015 5. Azure Company assumes direct responsibility for all executory costs, which include the following annual amounts: (1) 900 to Frontier Insurance Company for insurance and (2) 1,600 for property taxes. These executory costs are not included in the annual rental payments; paid separately from the annual rental payments. 6. The lessor's implicit rate is 10%. 7. Azure Company uses the straight-line depreciation method for all equipment. Instructions (Round all numbers to two decimal places.) (A) Prepare an amortization schedule that would be suitable for the lessee AZUR Company for the lease term