Laura Leasing Company signs an agreement on January 1, 2017, to lease equipment to Windsor 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 $78,000.

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 value of $6,000, none of which is guaranteed.

4. The agreement requires equal annual rental payments of $25,178 to the lessor, beginning on January 1, 2017.

5. The lessees incremental borrowing rate is 5%. The lessors implicit rate is 4% and is unknown to the lessee.

6. Windsor uses the straight-line depreciation method for all equipment.

Prepare an amortization schedule that would be suitable for the lessor for the lease term.