Question 2 (20 marks) On 1 July 2023, Vitamin Ltd leased a machine to Aloe Ltd. The machine was purchased by Vitamin Ltd on 1 July 2023 for its fair value of $348 942. The lease agreement contained the following provisions: 3 years Lease term Economic life of plant Annual rental payment, in arrears (commencing 30/6/24) Residual value at end of the lease term Residual guaranteed by lessee Interest rate implicit in lease The lease is cancellable only with the permission of the lessor. 5 years S120 000 S50 000 $30 000 8% Aloe Ltd intends to return the processing plant to Vitamin Ltd at the end of the lease term. Q2 Requirement: Prepare: (a) the lease payments schedule for Aloe Ltd (show all workings) (b) the journal entries in the records of Aloe Ltd for the year ended 30 June 2025