Edison Leasing leased high$-$tech electronic equipment to Manufacturers Southern on January $1,2024.$ Edison purchased the

equipment from International Machines at a cost of $$131,379.$

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January

$1,2025.$ Edison's fiscal year ends December $31.$

Complete this question by entering your answers in the tabs below.

Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January $1,2025.$ Edison's

fiscal year ends December $31.$

Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values.