Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021Courtney purchased the equipment from Doane Machines at a cost of $256,500its fair value(FV of PV of 1FVA of $1PVA of 1FVAD of 1 and PVAD of $1) (Use appropriate factor( s) from the tables provided .) Related Information: Lease term Quarterly lease payments Economic life of asset Interest rate charged by the lessor years (8 quarterly periods) $ 21,500 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter years 12 Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31 2021. December 31 is the fiscal year end for each companyAppropriate adjusting entries are recorded at the end of each quarter