On January 1st, 2019, ABC Inc. (the lessor) agrees to lease a piece of specialized piece of machinery
to DEF Inc. (the lessee) for 5 years. ABC Inc. is a financial intermediary specializing in leasing
arrangements such as the one described below. Details are as follows:
	-Fair value of machinery at inception of the lease: $100,000.
	-Lease term: 5 years (no bargain renewal terms).
	-5 Annual lease payments of $23,000 each are made on January 1st of each year starting
	on January 1st, 2019
	-Bargain purchase option at end of lease: $5,000.
	-Economic life of the asset is 10 years, after which the equipment will be worthless.
	Straight-line depreciation applies.
ABC's implicit interest rate with respect to this lease is 10%. This rate is not known to the lessee.
DEF Inc's incremental borrowing rate is 9%.
REQUIRED
Assuming that this qualifies as a right-of-use lease.
	a) prepare a lease amortization table for the lease for DEF.
	b) Prepare all entries that DEF will record for this leased equipment in 2019 and 2020.