Ivanhoe Corp is a manufacturer of truck trailers. On January 1, 2021, Ivanhoe Corp leases 9 trailers to tamarisk company under a 7 year non cancellable lease agreement. The following information about the lease and the trailers is provided:

1. equal annual payments that are due on January 1 each year provide Ivanhoe Corp with an 11% return on net investment

2. Titles to the trailers pass to tamarisk at the end of the lease

3. the fair value of each trailer is to $51,100. The cost of each trailer to Ivanhoe Corp is $47,600. East trailer has an expected useful life of 9 years

4. collectibility of the lease payments is probable.

Prepare a lease amortization schedule for Ivanhoe Corp. for the first three years. (Round answers to decimal places.e.g. 5,275.) Ivanhoe Corp. Lease Amortization Schedule (Lessor) Interest on Lease Lease Receivable Receivable Recove Annual Lease Rental Lease Receivable Date 1/1/21 1/1/21 1/1/22 1/1/23 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entries for the lessor for 2021 to record the lease agreement, the receipt of the lease rentals, and the recognition of revenue.co indent manually. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit (To record the lease) (To record receipt of the first lease payments) Click if you would like to Show Work for this question: Open Show W SHOW LIST OF ACCOUNTS