pls answer

Laporte Engineering Company leased a machine on January 1. 2023, under a contract calling for four aninual payments of $150,000 on December 31, 2023 through 2026. The machine becomes the property of the lessee after the fourth payment. The machine was predicted to have a service life of six years and no residual value, and the interest rate available to Laporte Engineering was 10% on the day the lease was signed The machine was delivered on fanuary 10,2023, and was immediately placed in senvice. Required: 1. Determine the initial net liablity created by the lease and the cost of the leased asset. Do not round intermediate colculations. Round the findl answers to the neorest whole dollor.) 2. Prepare a table showng the-cakcutation of the amount of interest expense allocsted to each year the lease is in effect and the carrying amount of the lablity at the end of each of those ye ors (Do not round intermediote calculotions. Round the final onswers to 3. Prepare the entry to record the leasing of the machine. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Journal entry worksheet Record signing of lease agreefnent. Notel Enter debits befoce credits. Prepare entries that would be made on December 31, 2024, to record the annual depreciation on a straight-line basis, and the ecording of the lease payment. Also show how the machine and the lease llability should appear on the December 31,2024, balance heet. (Do not round intermediate caiculations. Round the final answers to nearest whole dollar. Enter all amounts as positive Journal entry worksheet 2 Record the depreciation on leased machinery. Fotes Enter dehit before credita