On 2 January 20X4, Yvan Ltd., a public company, entered into a five-year equipment lease with Jeffery Leasing Inc. The lease calls for annual lease payments of $155,000, payable at the beginning of each lease year. Yvans IBR is 6%. Yvan does not know the lessors interest rate. The fair value of the equipment is $680,000. Y Year Opening balance Interest @ 6% Cash payment Incr/(Decr) in balance Ending balance 20X4 20X5 20X6 20X7 20X8 van depreciates equipment on a straight-line basis, taking a full years depreciation in the year of acquisition. (PV of $1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the lease liability amortization schedule for Yvan