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The following facts pertain to a non-cancelable lease agreement between Oriole Leasing and Sage Hill Group, a lessee (amounts in thousands). Commencement date May 1, 2022 Annual lease payment due at the beginning of V26,204.10 each year, beginning with May 1, 2022 5,120 Bargain purchase option price at end of lease term 5 years Lease term 10 years Economic life of leased equipment 183.200 Lessor's cost V116,480 Fair value of asset at May 1, 2022 8 % Lessor's implicit rate 8 % Lessee's incremental borrowing rate The collectibility of the lease payments by Oriole is probable Click here to view factor tables (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Prepare a lease amortization schedule for Sage Hill for the 5-year lease term. (Round answers to 2 decimal places, eg. 5,275.15.) SAGE HILL GROUP (Lessee) Lease Amortization Schedule Annual Lease Payment Plus BPO Interest on Liability Reduction of Lease Liability Lease Liability 116,480 26.204.10 26 204.10 90.275.90 Annual Lease Payment Plus BPO Interest on Liability Reduction of Lease Liability Lease Liability 116,480 26,204.10 26,204.10 90.275.90 26,204.10 26,204.10 26,204.10 26,204.10 -- 1 3745