Lessee Finance BoxTop Inc leases a box making machine from Boxes R Us beginning Jan 1, 2016 for a term of 3 years Payments of $22,417.93 are to be made each of the 3 years at the beginning of the year. The machine has no guaranteed residual. The fair value of the machine is $60,000. BoxTop's incremental borrowing rate is 4% and the rate implicit in the contract is not known to BoxTop. Prepare and amort table and record the entries for lease for BoxTop through Jan 1, 2017 Amort table Lease inception 1st payment Accrue interest and record amortization of ROU asset