Na podla Ly should sto re remove the for asset 2- (LO2,4) (Type of Lease Amortization Schedule Macinsk Leasing Company answ poration. The machine has a cost of 570 O e rs d pie value of 9000. Under the 3-year -cancelables . Sea will receive title to the machine at the end of the leave The machinesa 3-M eful We a re the signed on January 1, 2017. Macinski expects to saman return on ite investment, and this implicitats by Shame The annual rentals are payable on each December 31, beginning December 31, 2017 Instructions should apply (a) Discuss the nature of the lease arrement and the accounting method that each party to the (b) Prepare an amortization schedule that would be muitable for both the lessor and the lessee and at covers all the years woved (el Prepare the journal entry at commencement of the lease for Macinski (d) Prepare the journal entry at commencement of the lease for Sharrer le) Prepare the journal entry at commencement of the lease for Sharrer, assuming (1) Starter does not know Macinski's Implicit rate (Sharrer's incremental borrowing rate is 9...), and (3) Shatret Incurs initial direct costs of $10.000