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 $127650 (EV of $1. PV of $1. EVA of S1. PVA ($1. FVAD of Stand PVAD OS1) (Use appropriate factor(s) from the tables provided.) References Related Information: Lease tera 2 years 18 quarterly periods) Quarterly rental payments $16,800 at the beginning of each period Economic life of asset 2 years Fair value of asset 51275650 Implicit interest rate 64 (Also lessee's incremental borrowing rate) 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 Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Prepare a les amortization schedule for the term of the case for Manufacturers Southern (Round your intermediate calculations and final answers to the nearest whole dollar) trotiv Deci Payments Payment Ini Lee Balance Balance Prev 1 of 1 !!! Next MC Graw HIM Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Prepare a lease amortization schedule for the term of the lease for Manufacturers Southern. (Round your intermediate calculations and final answers to the nearest whole dollar) Payment Date Lease Effective Decrease in Payments Interest Balance Lease Balance 01/01/2021 04/01/2021 07/01/2021 10/01/2021 01/01/2022 04/01/2022 07/01/2022 10/01/2022 Total Amar Schedule General Journal > Prev 1 of 1 !!! Next Record the appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization is recorded at the end of cach fiscal year (December 31) on a straight-line basis (Enter your answers in whole dollars and not in milions Round your intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction event, sed journal entry required in the list account field) Show less View transaction lit Journal entry worksheet 2 07 Record the beginning of the lease for Manufacturers Stuttom Dell Cri General Journal January 01, 2011 Next Prov M Grow Hill