Myers Company signs a lease of an equipment $120,000 for three years (straight-line depreciation without any salvage value) on January 1 and must make payments on the lease on 31 Dec, year 1, year 2 and year 3. Interest rate is 8% per annum a. Prepare the amortization table b. Prepare the journal entries for Myers Company for January 1, Year 1 AND December 31, Year 1, Year 2, and Year 3, assuming this is an operating lease