Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2024. International Machines manufactured the equipment at a cost of $87,000. Manufacturers Southern's fiscal year ends December 31 . Required: 1. Show how International Machines determined the $15,300 quarterly lease payments 2. Prepare appropriate entries for International Machines to record the lease at its beginning. January 1, 2024, and the second lease payment on April 1, 2024 Compiete this question by entering your answers in the tabs below. Show how international Machines determined the 515,300 quarterly lease payments. Note: Round your intermedlate and final answers to the nearest whole dollar. Round your percentage answer to 1 decimal place. Prepare appropriate entries for International Machines to record the lease at its beginning, January payment on April 1, 2024. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first ac and final answers to the nearest whole dollar