Exercise 15-2 Finance lease: calculate lease payments [LO15-2 American Food Services, Inc., leased a packaging machine from Barton and Berton Corporation. Barton and Barton completed construction of the machine on January 1, 2018. The lease agreement for the $5.2 milian fa r value and present velue of the lease payments) machine spectfied four equal payments et the end of each year. The useful life of the mechine was expected to be stx years with no residual value. Barton and Barton's implicit interest rate was 12% Eyos. Pyo S EVAo $1. P Ao SLEV Doust and PVAD of SD (Use appropriate fectorls) from the tables provided.) Required: 1. Prepare the journal entry for Americen Food Services at the beginning of the lease on Januory 1.2018 2. Prepare an amortization schedule for the four-year torm of the leese 3. & 4. Prepare the appropriate entries related to the lesse on December 31, 2018 and 2020 Complete this question by entering your answers in the tabs below Raq 1 Req 2 Req 3 and A Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2018. t no entry is required for a perticular transaction, select No joumal entry required in the first accounc field. Enter your answers in whola dollars and not in millions.) Journal entry worksheet Record beginning of the lease for American Food Services Journal entry worksheet Record the amortization of right-of-use asset for American Food Services. Note: Enter debias befoce credits. Date General Journale December 31, 2018 Record entry Clear entry View general ownul