Ivanhoe Leasing Company leases a new machine to Oriole Corporation. The machine has a cost of $65.000 and fair value of $92,000. Under the 3-year, non-cancelable contract, Oriole will recelve title to the machine at the end of the lease. The machine has a 3-year usefull life and no residual value. The lease was signed on January 1, 2025, Ivanhoe expects to earn an 8% return on its investment, and this implicit rate is known by Oriole. The annual rentals are payable on each December 31, beginning December 31, 2025. Click here to view factor tables. (b) Your answer is correct. Prepare an amortization schedule that would be suitable for both the lessor and the lessee and that covers all the years involved. (For calculation purposes, use 5 decimal places as displayed in the foctor table provided and round final answers to 0 decimal places e.8. 5,275.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places e.5. 5,275.) eTextbook and Media List of Accounts Attempts: 1 of 3 used (c) Prepare the journal entry at commencement of the lease for Ivanhoe. (List all debit entries before credit entries. 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 o for the amounts.) Prepare the journal entry at commencement of the lease for Ivanhoe. (List all debit entries before credit entries. 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 o for the amounts.)