please complete both parts to the question.

Brief Exercise 15-4 (Algo) Finance lease; lessee; balance sheet effects (L015-2] A lease agreement that qualifies as a finance lease calls for annual lease payments of $30,000 over a five-year lease term (also the asset's useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 4% FV of SPV of $1. EVA of 1. PVA of S1.EVAD of $1 and PVAD of S1) (Use appropriate foctor(s) from the tobles provided.) Required: a. Complete the amortization schedule for the first two payments. b. If the lessee's fiscal year is the calendar year, what would be the amount of the lease llability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable? Complete this question by entering your answers in the tabs below. Required A Required B Complete the amortization schedule for the first two payments. (Enter all amounts as positive values. Round your answers to the nearest whole dollar.) Date Lease Effective Decrease in Outstanding Payment Interest Balance Balance January 1, Year 1 January 1 Year 1 January 1 Year 2 Required Required B Brief Exercise 15-4 (Algo) Finance lease; lessee; balance sheet effects (L015-2] A lease agreement that qualifies as a finance lease calls for annual lease payments of $30,000 over a five-year lease term (also the asset's useful life), with the first payment at January 1, the beginning of the lease. The interest rate is 4%, (FV of $1. PV of $1. FVA of $1. PVA of 51. EVAD 01 $1 and PVAD of $D (Use appropriate factor(s) from the tables provided) Required: a. Complete the amortization schedule for the first two payments b. If the lessee's fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable? Complete this question by entering your answers in the tabs below. Required A Required B If the lessee's fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable? (Round your answers to the nearest whole dollar) Lease liability Interest payable