Laura Leasing Company signs an agreement on January $1,2020,$ to

lease equipment to Metlock 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

$1,2020,$ is $$56,000.3.$ 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 $$3,000,$ none of which is guaranteed. $4.$ The

agreement requires equal annual rental payments of $$18,479$ to the

lessor, beginning on January $1,2020.5.$ The lessee$$s incremental

borrowing rate is $5\%.$ The lessor$$s implicit rate is $4\%$ and is

unknown to the lessee. $6.$ Metlock uses the straight$-$line

depreciation method for all equipment. Click here to view factor

tables. $($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.