Exercise 1b- ales-type lease with no selling protit; lessor LO15-2 Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2018. Edison p the equipment from International Machines at a cost of $139,107. (FV of $1, PV of $1. FVA of $1, PVA of $1, FV$1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term Quarterly rental payments Economic life of asset Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) 2 years (8 quarterly periods) $18,000 at the beginning of each period 2 years $139,107 equired: repare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease throug January 1, 2019. Edison's fiscal year ends December 31. Complete this question by entering your answers in the tabs below