Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $127,024. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term 2 years (8 quarterly periods ) Quarterly rental payments $17,000 at the beginning of each period Economic life of asset 2 years Fair value of asset $ 127,024 Implicit interest rate (Also lessee's incremental borrowing rate) 8% Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Amort Schedule General Journal 127,024/ January 01, 2021 Lease receivable Equipment 127,024/ 2 17.000 0 January 01, 2021 Cash Lease receivable .17,0000 3 April 01, 2021 17 , 000 ]cash Interest revenue Lease receivable _2,2010 14,799/ July 01, 2021 17,000/ Cash Interest revenue Lease receivable 1,905/ 15,095/ 17,000/ October 01, 2021 Cash Interest revenue Lease receivable 1,603/ 15,3970 December 31, 202 Interest receivable 1,2922 Interest expense 1 , 292 17,000/ January 01, 2022 Cash Lease receivable Interest receivable 15,705/ 1,2950