Evercis4 21A-21 a-d Pina Incorporated leases a ciece of equipment to Kingbird Corporation on January 1. 2017. The lease agreement celled rer annual rental payments of $5,174 at the beginning of eacn year of the 4-vear lease. The equipment hes an econemic useful life of 6 years, a fair value o 26 500 a book value or-$21 500 and both parties expect residual alue ot $8 150 ate end ot the lease term, though tnis amount is rot guaranteed Pina set the ease payments with the intent of earning a 4% eturn, and Kingbirc is a are or this ate There ls no bargain purchase option, ownership oetne lease coes not tanster at thend of the lease term, and the asset is rot or a specialized nature. clirk here ta view tha facbor tabla For calculation purposes, use 5 decimal places as displayed in the factor table provided. Deterrmine the nature of the lease to bath Pina and Kingbirt. The lease san lcasc to Pina. The leas san lcasc to Kingbird. LTST OF ACCOUNTS Preparn the leasc amartization scheduls) for Kingbird tor all 4 years af the Iras. (Round answers to o decinmal pfaces, o.g. 5,175.) KINGBIRD CORPORATION Lease Amortization Schedule Annuity-Due Basis Reduction of Date Annual Payment Interest on Liability Lease Liability Lease Liability 11418 1/1/20 Lease Exp nse Schedule Lease Expense Interest on Amortization of Carrying Value of Date (Straight-Line) Lease Liability RoU Asset ROU Asset 12/31,17 12/3118 123119 12/31/20