Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2017 and 2018. Sage's annual accounting period ends on December 31. Reversing entries are used by Sage. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and Round answers to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit (To record the lease) (To record the first loase payment.) (To To record interest.) (To record depreciation.) 5/1/18 (Te record interest.) (To record depreciation.) Prepare a lease amortization schedule for Sage Company for the 5-year lease term. (Round present value factor calculations to 5 decimal places, e.g. 1.25126 and Round answers to 2 decimal places, e.g. 15.25.) SAGE COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Plus Interest on Reduction of Lease BPO Liability Liability Date Lease Liability 5/1/17 93000 5/1/17 21751.90 21751.90 T 71248.10 5/1/18 21751.90 7124.81 14627.09 56621.01 5/1/19 21751.90 5662.10 16089.80 40531.21 5/1/20 21751.90 4053.12 17698.78 22832.43 5/1/21 21751.90 2283.24 19468.66 T 3363.70 63.70 IVO IL 4/30/22 3700 336.37 3363.77 112459.50 19456.65 93000