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Need help with part b, please demonstrate how you got the answers for cash and owner's equity Leased assets have an expected life of 4

Need help with part b, please demonstrate how you got the answers for cash and owner's equity

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Leased assets have an expected life of 4 years. Depreciation is straight line. Annual lease payment is S3,623 Interest rate is 8% If we considered the lease to be a capital lease, please illustrate this lease with an amortization table, a balance sheet and an income statement. (A) Amortization Table Beginning PMT Interest Principle (B) Balance Sheet Cash Leased Assets Leased Liability Owner's Equity

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