please help me on requirement C on the ones that are wrong.

note that i need the interest expense amount and the amortization expense amount.

thank you!

TABLE 1 Future Value of $1 FV=s1/1+n pi=51 ABLE 4 Present Value of an Ordinary Annuty of $1 A=1(1+0)21 FVA=1(1+i)n1 A lease agreement that qualifies as a finance lease calls for annual lease payments of $60,000 over a eight-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 \$1, EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: a. Determine the present value of the lease upon the lease's inception. b. Create a partial amortization table through the second payment on January 1, 2017. c. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the year ended December 31, 2016 (ignore taxes)? ( Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the year ended December 31, 2016? (Round your answers to nearest whole number.) PVAD =[11(1+2)1](1+i) ABLE 5 Future Value of an Annuity Due of $1 AD=[1(1+i)n1(1+i)