make an amortization schedule for both the lessee and the lessor please

Current Attempt in Progress

Monty Corporation entered into a lease agreement on January $1,2025,$ to provide Sandhill Company with a piece of machinery. The

terms of the lease agreement were as follows.

The lease is to be for $3$ years with rental payments of $$9,541$ to be made at the beginning of each year.

The machinery has a fair value of $$63,200,$ a book value of $$47,600,$ an end$-$of$-$life salvage value of $$0,$ and an economic life of

$8$ years.

At the end of the lease term, both parties expect the machinery to have a residual value of $$38,300,$ none of which is

guaranteed.

The lease does not transfer ownership at the end of the lease term, does not have a bargain purchase option, and the asset is

not of a specialized nature.

The implicit rate is $5\%,$ which is known by Sandhill.

Collectibility of the payments is probable.

Assume that the lessor uses straight$-$line depreciation.

make an amortization schedule for both the lessee and the lessor please