Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2021. International Machines manufactured the equipment at a cost of $91,000. Manufacturers Southern's fiscal year ends December 31. (FV of $1, PV of $1, FVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) 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, 2021, and the second lease payment on April 1, 2021. Complete this question by entering your answers in the tabs below. Show how International Machines determined the $15,300 quarterly lease payments. (Round your intermediate and final answers to the nearest whole dollar. Round your percentage answer to 1 decimal place.) Show how International Machines determined the $15,300 quarterly lease payments. (Round you answers to the nearest whole dollar. Round your percentage answer to 1 decimal place.) Journal entry worksheet 23 Journal entry worksheet