Elsa Corporation manufactures medical equipment. On January 1, 2020, Anna Company entered into a 5 year lease for an x-ray machine with Elsa Corporation. The lease agreement specified quarterly payments of $32,629 beginning with the first payment due at inception of the lease. The fair value of the xray machine is $500,000 and it cost Elsa Corporation $350,000 to manufacture. The useful life of the x-ray machine is 5 years. The rate of interest implict in the lease is 12%. Both companies record depreciation and amortization cach quarter. PV of an ordinary annuity for 5 periods PV of an ordinary annuity for 10 periods PV of an ordinary annuity for 20 periods PV of an annuity due for 5 periods PV of an annuity due for 10 periods PV of an annuity due for 20 periods 34 4.57971 8.53020 14.87747 4.71710 8.78611 15.3238 6 4.21236 736009 11.46992 4.4651 7.80169 12.15812 12% 3.60478 565022 7.4694 4.63735 6.32825 8.36578 Required: 1. At January 1, 2020, Anna would record a Right of Use Asset of $ Round your answers to the nearest whole dollar amounts 2. At April 1, 2020, Anna would record the following amounts. Round your answers to the nearest whole dollar amounts. Interest Expense of 5 Amortization Expense of $ 3. Prepare the journal entries for Elsa Corporation for January 1, 2020 and April 1, 2020. Round your answers to the nearest whole dollar amounts