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Required information [The following information applies to the questions displayed below.] On January 1, Rogers (lessee) signs a three-year lease for machinery that is accounted for as a finance lease. The lease requires three $18,000 lease payments (the first at the beginning of the lease and the remaining two at December 31 of Year 1 and Year 2). The present value of the three annual lease payments is $51,000, using a 6.003% interest rate. The lease payment schedule follows. Prepare the December 31 journal entry to record straight-line amortization with zero salvage value at the end of (a) Year 1 , (b) Year 2 . d (c) Year 3. Journal entry worksheet Record amortization of right-of use asset at December 31 of the first year