i need help with these journal entries also

Federated Fabrications leased a tooling machine on January 1, 2021. for a three year period ending Decomber 31, 2023. The lease agreement specified annual payments of $37000 beginning wth the first payment at the beginning of the loase, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $46,000 when its far value was expected to be $61,000, a sufficient difference that exercise seems reasonably certain the machine's estimated useful le was so yours with no salvage value. Federated was aware that the lessor's implicit rate of return was 11% FV of $1. PV of S1 PVASPVA $1. FVAD of $1 and PVAD of $ (Use appropriate factors) from the tables provided) Required: 1. Calculate the amount Federated should record as a night of use asset and lease tability for this finance loace 2. Prepare an amortization schedule that describes the patter of Interest experte for Federated over the lase torm. 3. Prepare the appropriate entries for Federated from the beginning of the late through the end of the lease form. Complete this question by entering your answers in the tabs below. Required: quired Required Prepare the appropriate entries for Federated from the beginning of the lease through the end of the lease term. Hund you intermediate and final newers to the nearest whole dollar amount. Y no entynquired for stracioneve do journal entry required in the first account field) Vww transactions Record the losse 2. Record the cash payment. 7 Record amortization of the nightouse amet for Federated Recordare Dayment Record amortization of the night ose asset for Federated round your View transaction Record amortization of the righteouse for Federated . Record lease payment Record amortization of the right ouest for Federated Record Lease payment Chidi Record amortitution of the right of use asset for Federated Record finalloase payment Note - Journal entry has been entered cony View Required 3 Type here to search NO FIL X C FS F6 Fd & 7 $ 4 % 5 a 9 8 co 2 3 1 a Y T R w E