Laura Leasing Company signs an agreement on January 1, 2017, to lease equipment to Kingbird Company. The following information relates to this agreement 1. The term of the non-cancelable lease is 3 years with no renewal option. The equipment has an estimated economic life of 5 years 2. The fair value of the asset at January 1, 2017, is $55,000 3. The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual aue of $5,000, none of which is guaranteed 4. The agreement requires equal annual rental payments of $17,517 to the lessor, beginning on January 1, 2017 5. The lessee's incremental borrowing rate is 5%. The lessor's implicit rate is 496 and is unknown to the lessee 6. Kingbird uses the straight-line depreciation method for all equipment. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) ? (a) Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round answers to 0 decimal places, e.g. 5,265.) KINGBIRD COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Interest on Liability Reduction of Lease Liability Date Lease Liability