Prepare a lease amorization schedule for Sage Hill for the 5-year lease term. Use first picture and attcahed factor tables to finish

  
 
 
 
 
 
 
 
 
 
 

The following facts pertain to a non-cancelable lease agreement between Oriole Leasing Company and Sage Hill Company, a lessee. Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2020 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost Fair value of asset at May 1, 2020 Lessor's implicit rate Lessee's incremental borrowing rate : May 1, 2020 $18,922.70 $5,000 5 years 10 years $65,000 $85,000 The collectibility of the lease payments by Oriole is probable. 8% 8% 4