Manufacturers Southern leased high$-$tech electronic equipment from Edison Leasing on January $1,2021.$ Edison purchased the equipment from International Machines at a cost of $$126,890.($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$Required:Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January $1,2022.$ Amortization of the right$-$of$-$use asset is recorded at the end of each fiscal year $($December $31)$ on a straight$-$line basis.$$