Tamarisk Leasing company signs an agreement on January 1, 2020 to lease equipment to Cole Company. The following information relates to this agreement. 1. The term of the non-concealable lease is 6 years with no renewal option. The equipmwnt has an estimated economic life of 6 years. 2. The cost of the asset to the lessor is 291,000. The fair value of the asset at January 1,2020 is 291,000 3. The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have residual value of 29,100, none of which is guaranteed. 4.The agreement requires annual rental payments beginning on January 1, 2020. 5. Collectibility of the lease payments by Tamarisk is probable. PLEASE PREPARE AMORTIZATION SCHEDULE THAT IS SUITABLE FOR THE LESSOR FOR THE LEASE TERM.

date: annual lease payment+URV. Interest on lease receivable. recovery of lease receivable lease receivable

1.1.20

1.1.20

1.1.21

1.1.22

1.1.23

1.1.24

1.1.25

12.31.25.

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