i need part C please

The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Monty Company, a lessee. January 1 $104,957 Commencement date Annual lease payment due at the beginning of each year, beginning with January 1. Residual value of equipment at end of lease term guaranteed by the lessee Expected residual value of equipment at end of lease term $55,000 $50,000 Lease term 6 years 6 years Economic life of leased equipment Fair value of asset at January 1. Lessor's implicit rate $546,000 996 Lessee's incremental borrowing rate 9 % Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to o decimal places e.g. 5,275.) MONTY COMPANY (Lessee) Lease Amortization Schedule Annual Lease vyment Plus GRV Interest on Liability Reduction of Lease Liability Lease Liability $ $ i $ 516.184 104.957 104.957 411.227 104.95 37010 67.947 343.280 104,95 30 895 74062 269.218 104.957 30,895 74062 269.218 104.957 24.230 80.727 188.491 104,957 16.964 87.993 100.498 104957 9.045 95.912 4586 5.000 414 4.586 634 742 118 558 516, 184 | Prepare all of the journal entries for the lessee for and to record the lease agreement, the lease payments, and all expenses related to this lease. Assume the lessee's annual accounting period ends on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 1.2020 2 Right-of-UeAsset 516,184 Les ability 516 18 (To record the lease.) 1 2020 Les Liability 104,957 104957 TUWI Stiease payment.) 31, 2020 Interest Expense 37,010 Lease Liability 37,010 (To record interest.) 31.2020 Amortisation Experte 16.031 UE TEME Right-of-use Asset B4031 (To record amortization.) 1.2021 Lease Listility 104,957 IL Interest Expense 104.957 (To record second lease payment (To record second lease payment.) 31, 2021 Interest Expense 30.895 Lease ability 30,895 (To record interest.) LU 31, 2021 Amortization Expense 86031 Right-of-Use Asset 86,031 (To record amortization.) TC) Suppose Monty received a lease incentive of $5,000 from Faldo Leasing to enter the lease. How would the initial measurement of the lease liability and right-of-use asset be affected? Right-of-use asset $ Lease Liability $ What if Monty prepaid rent of $5,000 to Faldo? Right-of-use asset $ Lease Liability $