Not yet answered Not graded 1 Dhofar Co. leases Machinery from Muscat Co.on January 1, 2019. The seven annual lease payments of RO 35000 are made at the end of each year. The present value of minimum 434,000. The lessee's incremental borrowing rate 10% and lessor's implicit rate 8% which is known by the lessee Required: Prepare Amortization Schedule and recorded journal entries. (lessor) (for two (yaears only