its one full question with different parts

Wildhorse Corp, which uses IFRS, signs non-renewable, non-cancellable lease agreement to lease robotic equipment from Xlu Inc. The following information concerns the lease agreement Inception date January 1, 2020 5 years $240,000 Lease term Fair value of equipment Jan 1, 2020 Economic life of leased equipment Annual rental payments starting Jan. 1, 2020 Option to purchase at the end of the term Depreciation method Residual value 7 years $40,850 none Straight-line none Wildhorse's incremental borrowing rate 6% Prepare the initial entry to reflect the signing of the lease agreement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and entero for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1. 2020 Prepare an amortization schedule for the term of the lease to be used by Wildhorse. Use Excel. (Round answers to decimal places, e-3.5,275.) Wildhorse Corp. Lease Amortization Schedule (Lessee) Annual Payment Interest on Unpaid Liability Reduction of Lease Liability Balance of Lease Liability Date January 1, 2020 January 1, 2021 January 1.2022 January 1.2023 January 1.2024 Dec. 31, 2020 Jan. 1, 2021 Dec. 31, 2021 (To record depreciation) (To record interest) (To record depreciation) (To record interest)