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Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $112.446. (FV of $1. PV of $1, EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information Lease term 2 years ( quarterly periods) Quarterly rental payments $15.300 at the beginning of each period Economic life of annet 2 years Tair value of asset $112,446 Implicit interest rate 108 (Also leance's incremental borrowing rate) Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization of the right-of-use asset is recorded at the end of each fiscal year (December 31) on a straight-line basis Amort Schedule General Journal Prepare a lease amortization schedule for the term of the lease for Manufacturers Southern. (Round your intermediate calculations and final answers to the nearest whole dollar) Lease Payment Date Effective Decrease in Payments Lease Balance Interest Balance 01/01/2021 04/01/2021 07/01/2021 10/01/2021 01/01/2022 04/01/2022 07/01/2022 10/01/2022 Total $ 0 $ 0 $ o Journal entry worksheet 1 2 3 4 5 6 8 Record the beginning of the lease for Manufacturers Southern Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021 Journal entry worksheet 1 2 3 4 5 6 7 . 8 > Record lease payment. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Journal entry worksheet 2 3 56 7 8 Record lease payment. Note: Enter debits before credits General Journal Debit Credit Date April 01, 2021 Journal entry worksheet