he following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Pearl Company, a lessee. Commencement date January 1, 2017 Annual lease payment due at the beginning of each year, beginning with January 1, 2017 $104,738 Residual value of equipment at end of lease term, guaranteed by the lessee $54,000 Expected residual value of equipment at end of lease term $49,000 Lease term 6 years Economic life of leased equipment 6 years Fair value of asset at January 1, 2017 $584,000 Lessors implicit rate 6 % Lessees incremental borrowing rate 6 %

Prepare an amortization schedule that would be suitable for the lessee for the lease term