Exerclse 15-2 (Algo) FInance lease; calculate lease payments [LO15-2] merican Food Services, Inc. leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed onstruction of the machine on January 1. 2021. The lease agreement for the $5.5 million (fair value and present value of the lease iayments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be five ears with no residual value. Barton and Barton's implicit interest rate was 11\%. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and VAD of \$1) (Use approprlate fector(s) from the tables provlded.) lequlred: Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2021. i. Prepare an amortization schedule for the four-year term of the lease. \& 4. Prepare the appropriate entries related to the lease on December 31,2021 and 2023. Journal entry worksheet Record the beginning of the lease for American Food Services. Note: Enter debits before credits. Prepare an amortization schedule for the four-year term of the lease. (Enter your answers in whole dollars and not in millions. Round your answers to the nearest whole dollar. Enter all amounts as positive values.)