On January 1, 2020, Lessee Company entered into a 5-yr lease of a floor of a building with the ff terms:

Annual rental for the first 2 years payable at the end of each year	200,000
Annual rental for the next 3 years payable at the end of each year	300,000
Initial direct cost paid by lessee	100,000
Leasehold improvement	250,000
PV of restoration cost required by contract	50,000
Useful life of building	20 years
Implicit interest rate	8%
Discount rate for the restoration cost	5%
PV of an ordinary annuity of 1 at 8% for 2 periods	1.783
PV of an ordinary annuity of 1 at 8% for 3 periods	2.577
PV of 1 at 8% for 2 periods	0.857

Compute for:

1) Lease liability, January 1, 2020

2) Cost of ROUA, January 1, 2020

3) Depreciation, 2020

4) Prepare a complete table of amortization for the lease liability

5) Prepare journal entries for 2020

6) Prepare the journal entry for the lease payment on December 31, 2022