Manufacturers Southern leased high tech electronic equipment from international Machines on Janiuary 1, 2024. Internationaf Machines manufactured the equipment at a cost of $92.000. Manufacturers Southern's fiscal year ends December 31. Note: Use tables, Excel, or a financial calculator. (EV of \$1, PV of \$1, EVA of \$1, PVA of \$1. EVAD of S1 and PVAD of S1) Required: 1. Show how Intrnational Machines determined the $18,000 quarterly lease payments. 2. Prepare appropriate entries for International Machines to record the lease at its beginning. January 1, 2024, and the secont lease payment on April 1, 2024. Complete this question by entering your answers in the tabs below. Show how Intemational Machines determined the $18,000 quarterly lease payments. Note: Round your intermediate and final answers to the nearest whole dollar. Round your percentage answer to 1 decimal place