Solve the amort schedule and solve the journal entries please.

Thank you.

Exercise 15-6 Finance lease; lessee [LO15-2] Manufacturers Southern leased high-tech electronic equipment from Edlson Leasing on January 1, 2018. Edison purchased the equipment from International Machines at a cost of $112,080. (FV of $1, PV of $1, EVA of S1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Lease term Quarterly rental payments Econ Pair value of asset 2 years (8 quarterly periods) $15,000 at the beginning of each period 2 years $112,080 life of asset (Also lessee's incremental borrowing rate) Required: Prepare a lease amortidetion schedule and appropriate entries for Manufacturers Southern f through January 1, 2019. Depreciation is recorded at the end of each fiscal year (December 31) on a straight-line basis Complete this question by entering your answers in the tabs below. General Schedule schedule for the term of the lease for Check my work Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2019. Depreciation is recorded at the end of each fiscal year (December 31) on a straight-line basis. Complete this question by entering your answers in the tabs below. Amort Schedule General ournal Prepare a lease amortization schedule for the term of the lease for Manufacturers Southerm. (Enter all a e in Lease 01/01/2018 04/01/2018 07/01/20118 10/01/2018 01/01/2019 04/01/2019 07/01/2019 10/01/2019 Total K Prey 2 of 6E Next > 2 1.66 Journal entry worksheet Record the beginning of the lease for Man Clear entry KPrev 2 of 6