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 $127,650. (EV of $1. PV of $1, EVA of $1. PVA of S EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) ences Related Information: Lease term Quarterly rental payments Economic life of asset Fair value of asset Implicit interest rate: (Also lessee's incremental borrowing rate) Required: 2 years (8 quarterly periods) $16,800 at the beginning of each period 2 years $127,650 6% 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.