Sheridan Co. as lessee records annance lease of machinery on January 1, 2021. The seven annual lease payments of $806,000 are made at the end of each year. The present value of the lease payments at 8% is $4.196,000. Sheridan uses the effective interest method of amortization and sum-of-the-years-digits depreciation (no residual value). Prepare an amortization table for 20121 and 2022 Sheridan Co. Lease Amortization Schedule Date Annual Lease Receipt/Payment Interest on Receivable/Liability Reduction in Receivable/Liability Lez Receivable 11/21 12/31/21 $ 12/31/22 List of Accounts May Prepare all of Sheridan's journal entries for 2021. (Credit account titles are automatically indented when amount is en Indent manually.) Account Titles and Explanation Debit Credit (to record the lease) to record the first lease payment) (To record depreciation)