Determine the present value of the minimum lease payments. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.) Present Value $Prepare Marigold's lease amortization schedule using the effective interest method. (Round answers to O decimal places, e.g. 5,275.) Date Payment Interest Principal January 1, 2019 $ January $ $ $ 1, 2019 January 1, 2020 January 1, 2021 January 1, 2022 January 1, 2023 $ $ $Prepare the 2019 journal entries for Marigold Limited. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)Marigold Limited has signed a lease agreement with La ntus Corp. to lease equipment with an expected lifespan of eight years, no estimated salvage value, and a cost to Lantus, the lessor of $230,000. The terms of the lease are as follows: The lease term begins on January 1, 2019, and runs for 5 years. The lease requires payments of $52,425 at the beginning of each year starting January 1, 2019. At the end of the lease term, the equipment is to be returned to the lessor. La ntus' implied interest rate is 7%, while Ma rigold's borrowing rate is 8%. Marigold uses straightline depreciation for similar equipment. The yearend for both companies is December 31. Assume that both companies followASPE