Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2018. Edison purchased the equipment from International Machines at a cost of $112,080 (FV of $1 PV of $1, EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information Lease term 2 years (8 quarterly periods) Quarterly rental payments $15,000 at the beginning of each period Economie life of asset 2 years Pair value of asset $112,080 Timplieit interest rate (Also lessons incremental borrowing rate) Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2019. Depreciation is recorded at the end of each fiscal year (December 31) on a straight-line basis Answer is not complete. Complete this question by entering your answers in the tabs below. Amort Schedule General Prepare a lease amortization schedule for the term of the lease for Manufacturers Southern (Enter all amounts as positive values.) Ik Chapter 15 6 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ing Record the appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2019 Depreciation is recorded at the end of each Fiscal year (December 31) on a straight-line basis (Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to nearest whole dollar. If no entry is required for a transaction event, select "No journal entry required in the first account Red.) No General Journal January 01, 2018 No Transaction Recorded Debit Credit 1 January 01, 2018 No Transaction Recorded April 01, 2018 Transaction Recorded July 01,20 No Transaction Recorded October 01. 2018 N Transaction Recorded December 31, 2011 T action Recorded December 31, 2011 Transaction Recorded Amante