Manufacturers Southern leased high$-$tech electronic equipment from International Machines on January $1,2024.$ International Machines manufactured the equipment at a cost of $$97,000.$ Manufacturers Southern's fiscal year ends December $31.$

Note: Use tables, Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[$Related Information:,$2$ years $(8$ quarterly periods$)],[$Lease term,$$16,200$ at the beginning of each period$],[$Quarterly rental payments,$2$ years$],[$Economic life of asset,$$121,046$