Lease Amortization Schedule Annual Interest on Reduction of Balance of Date__ Lease Payment Unpaid Obligation Lease Obligation Lease Obligation Jul 1/20 $ 420,000 Jun 30/21 $ 126,807 $ 33,600 $ 93,207 326,793 Jun 30/22 126,807 26,143 100,664 226,129 Required: 1)Prepare all the necessary entries according to the lease amortization schedule. 2)Comment on the nature of the lease from the perspective of lessee and lessor.