Prepare a $10$ year lease amortization schedule for riverbed, the lessor

Riverbed Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambers Medical Center for a period of 10 years. The normal selling price of the machine is $461,379, and its guaranteed residual value at the end of the non-cancelable lease term is estimated to be $14,600. The hospital will pay rents of $55,800 at the beginning of each year. Riverbed incurred costs of $257,000 in manufacturing the machine and $14,800 in legal fees directly related to the signing of the lease. Riverbed has determined that the collectibilitv of the lease payments is probable and that the implicit interest rate is 5%. Prepare a 10-year lease amortization schedule for Riverbed, the lessor. (Round answers to O decimal places e.g. 5,275.) RIVERBED INC. (Lessor) Lease Amortization Schedule (Annuity due basis, guaranteed residual value) Beginning of Year Initial PV 1 2 3 4 5 6 7 8 9 10 End of 10 Annual Lease Payment Plus Residual Value Interest on Lease Receivable Recovery of Lease Receivable Lease Receival