Karty - Leasing Ltd.leased commisary equipment that has a fair value equal to the present value of the minimum lease payments receivable to Carmita Cuccina De Casa on January 1, 2020. Five payments are to be made over a 4-year period Lease Pymt. payments 200,293 1-Jan-21 400,000 1-Jan-22 400,000 1-Jan-23 31-Dec-23 5- BPO 0.000 BPO-Bargain Purchase Option Katty Leasing Ltd. uses a discount rate of 7% to calculate lease payments. The economic life of the production equipment is 8-years. The fair value of the equipment is equal to the present value of the minimum lease payments 400.000 Prepare ale amortization schedule for Jan. 1.2020 to Dec 31, 2023 Assume Carmita Cuccina De Casa Corp. is a calendar year corp. Prepare the necessary entries for Jan 1, 2020 through Jan 1, 2021 On the books Carmita Cuocina De casa Corp. (Lessee) Katty Assume Leasing Ltd. is a calendar year corporation and purchased the commisary equipment in 2019 for the present value of the Irase payments Prepare the necessary entries for Jan. 1, 2020 through Jan 1, 2021 On the books Leasing Ltd. (Lessor) katte Assume Leasing Ltd.: (1) is a calendar year corp. (2) is an equipment dealer and (3) has an inventory cost of $875,000 with respect to the leased equipment. Prepare the necessary entries for: Jan 1, 2012 On the books Leasing Ltd. (Lessor) Hease provide Calculations details