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 $123,651. (FV of $1. PV of $1. EVA 51. PVA of $1. EVAD of S1 and PVAD 50 (Use appropriate factor(s) from the tables provided.) Related Taformation: Lease ter years (8 quarterly perioda ) Quarterly rental payments $16,000 at the beginning of each period Beonomie life of asset 2 years Fair value of asset $123,651 Implicit interest rate (Also lessons incremental borrowing rate) 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. Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. (Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values.) Effective Interest Payments Decrease in Balance Lease Balance Payment Date 01/01/2021 01101/2021 04/01/2021 07/01.2021 10/01/2021 01/01/2022 04/01/2022 07/01/2022 10/01/2002 Tot General Journal Prey 1 of 3 Next >