Make a schedule for:

- 3-year lease of monitoring equipment

- $100,000 market value

- 10-year useful life

- lease signed on Dec 31, 2003, specifies that there is no title transfer or bargain purchase option at the end of the lease on December 31, 2006

- no residual value

- lessor set the lease payments at $25,106, with the first payment due December 31, 2004

- don't know the implicit rate of lessor

- incremental borrowing rate is 12%

- straight-line depreciation