how do i calculate?

On January 1. Falk Company signed a contract to lease space in a building for three years. The current value of the three lease payments is $300,600. Requlred: Prepare entries for Fall: to record {a} the lease asset and obligation at January 1. and {b}: the $100,200 straig htline amortization at December 31 of the rst year. View transaction list Journal entry worksheet Record lease asset and obligation. Note: Enter debits before credits. Record entryr m View general journal On January 1, Falk Company signed a contract to lease space in a building for three years. The current value of the three lease payments is $300,600. Required: Prepare entries for Falk to record (a) the lease asset and obligation at January 1, and (b) the $100,200 straight-line amortization at December 31 of the first year. View transaction list Journal entry worksheet