Pronghorn Corporation leases a building to Larkspur, Inc. on January 1, 2017. The following facts pertain to the lease agreement.

1.		The lease term is 10 years with equal annual rental payments of $3,824 at the end of each year.
2.		Ownership does not transfer at the end of the lease term, there is no bargain purchase option, and the asset is not of a specialized nature.
3.		The building has a fair value of $36,527, a book value to Pronghorn of $23,805, and a useful life of 15 years.
4.		At the end of the lease term, Pronghorn and Larkspur expect the residual value of the building to be $11,400, and this amount is guaranteed by Money, Inc., a third party.
5.		Pronghorn wants to earn a 5% return on the lease, and collectibility of the payments is probable.

Assume the present value of lease payments and third-party guarantee is $36,527 and the rate of return to amortize the net lease receivable to zero is 13.27%. Prepare the amortization schedules Pronghorn would use to amortize the net lease receivable to zero. (Round answers to 0 decimal places, e.g. 5,275.)

GROUPER CORPORATION (Lessor) Lease Amortization Schedule Sales-Type Lease
Date		Annual Lease Payment		Interest on Lease Receivable		Recovery of Lease Receivable		Lease Receivable
1/1/17		$		$		$		$
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
12/31/22
12/31/23
12/31/24
12/31/25
12/31/26
12/31/26
		$		$		$

GROUPER CORPORATION (Lessor) Lease Amortization Schedule Direct Financing Lease
Date		Annual Lease Payment		Interest on Lease Receivable		Recovery of Lease Receivable		Lease Receivable
1/1/17		$		$		$		$
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
12/31/22
12/31/23
12/31/24
12/31/25
12/31/26					*
12/31/26
		$		$		$

*Difference due to rounding