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Exercise 15-7 (Static) Sales-type lease with no selling profit; lessor (LO15-2) Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $112,080. (FV of $1. PV of 51. EVA of $1. PVA of 51. EVAD of S1 and PVAD OLS1) (Use appropriate factor(s) from the tables provided.) Related Information Leare te 2 yearst quarterly periods Quarterly rental payments $15,000 at the beginning of each period tonne life of asset 2 years Tair value of net $112,000 Implicit interest rate 81 (Also lessons incremental borrowing rate) Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. Complete this question by entering your answers in the tabs below. Amort Schedule General Journal