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 $112,446. (FV of $1, PV of $1, EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term Quarterly rental paymenta Economic 1ife of anset Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) 2 years (8 quarterly perioda) $15,300 at the beginning of each period 2 yeare $112,446 106 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. 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) Lease Payments Effective Interest Decrease in Balance Payment Date 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 Record the beginning of the lease for Manufacturers Southern. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021 Record lease payment. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Record lease payment. Note: Enter debits before credits. Date General Journal Debit Credit April 01, 2021 Record lease payment. Note: Enter debits before credits. Date General Journal Debit Credit July 01, 2021 Record lease payment. Note: Enter debits before credits. Date General Journal Debit Credit October 01, 2021 Record accrued interest. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record amortization of the right-of-use asset for Manufacturers Southern. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record lease payment. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2022 Amort Schedule General Journal Record the appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis. (Enter your answers in whole dollars arta not in millions. Round your intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)