Leech Company entered into a lease agreement with Lessor Company with the following terms on January 1, 2020.

Space 2 Floors at 1,500 square meters each

Annual rental payable at the end of each year 400,000

Implicit interest rate in the lease 10%

Lease term 8 years

On January 1, 2023, Leese Company and Lessor Company agreed to amend the original terms of the lease with following

arrangement:

Space 1 Floor at 1,500 square meter

Annual rental payable at the end of each year 250,000

Implicit interest rate in the lease 11%

REQUIRED: Prepare table of amortization and journal entries for the entire lease term.