Peters Company leased a machine from Johnson Corporation on January 1, 2018. The machine has a fair va $12,000,00 0. The lease agreement calls for four equal payments at the end of each year. The useful life of the machine was expected to be four years with no residual value. The appropriate interest rate for this lease is 12%. Other information: PV of an ordinary annuity @12% for 4 periods: 3.03735 PV of an annuity due @12% for 4 periods: 3.40183 Required: 1. Determine the amount of each lease payment 2. 3. & 4. Prepare the appropriate journal entry Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 Determine the amount of each lease payment. (Round your answer to the nearest whole dollar amounts.) Req 2 to 4>