Manufacturers Southern lessed high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $112.080. (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.) Related Information: 2 years (8 quarterly periods) Quarterly rental payments $15,eee at the beginning of each period Economic life of asset Fair value of asset $112,80 Implicit interest rate (Also lessee's incremental borrowing rate) Required: Prepare a lesse 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. 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 and 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.) Show less View transaction llat View journal entry workshoot Debit Credit 112,000 112,080 1 Record the beginning of the lease for Manufacturers Southern 15,000 2 Record lease payment. 15,000 3 Record lease payment. 15,000 Record lease payment. 15,000 5 Record lease payment. 1,880 13,320 6 Record accrued interest. 15,000 7 Record amortization of the right-of-use asset for Manufacturers Southern 1,142 1.142 Note : = journal entry has been entered