Exercise 15-16 (Algo) Lessee; operating lease (LO15-4) Balle Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $254,000, its fair value. (FV of $1. PV of $1. EVA of S1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information Lease term Quarterly lease payments Hoononte life of asset Interest rate charged by the lessor 2 years (8 quarterly periods) $19,000 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter 5 years 31 Required: Prepare a lease amortization schedule and appropriate entries for Balie Power from the beginning of the lease through December 31, 2021 December 31 is the fiscal year end for each company Appropriate adjusting entries are recorded at the end of each quarter. Answer is not completo. Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dollar, Enter all amounts as positive values.) Payment Date Le Payments Effective Interest Decrease in Balance Lease Balance 254,000 o 19.000 19,000 19.000 01/01/2021 03/31/2021 06/30/2021 09/30/2021 12/31/2021 03/31/2022 DO022 09/30/2022 Total 35.000 0 S 19.000 General Journal >