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