Problem $15-11($Static$)$ Lessee; renewal option $[$L$015-2,15-6]$

$[$The following information applies to the questions displayed below.$]$

High Time Tours leased rock$-$climbing equipment from Adventures Leasing on January $1,2024.$ High Time has the option

to renew the lease at the end of two years for an additional three years for $$8,000$ per quarter. Adventures purchased the

equipment at a cost of $$198,375.$

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Problem $15-11($Static$)$ Part $2$

Prepare an amortization schedule for the term of the lease.

Note: Round your intermediate and final answers to nearest whole dollar. Enter all amounts as positive values.