The following facts are for a non-cancellable lease agreement between Oriole Corporation and Russell Corporation, a lessee: July 1, 2020 $ 20.487.26 $ 3.600.00 5 years Inception date Annual lease payment due at the beginning of each year starting July 1, 2020 Bargain purchase option price at end of lease term reasonably certain to be exercised by Russell Lease term Economic life of leased equipment Lessor's cost Fair value of asset at July 1, 2020 Lessor's implicit rate Lessee's incremental borrowing rate 10 years $ 48,000.00 $ 89,200.00 9% 9% The collectibility of the lease payments is reasonably predictable and there are no important uncertainties about costs that have not yet been incurred by the lessor. The lessee assumes responsibility for all executory costs. Both Russell and Oriole use IFRS 16. Calculate the amount of gross investment at the inception of the lease for Oriole Corporation, the lessor. (Round answers to 2 decimal places, eg. 52.75.) Gross investment $ e Textbook and Media List of Accounts Calculate the amount of net investment at the inception of the lease for Oriole Corporation, the lessor. (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 2 decimal places, eg. 52.75.) Net investment $ Prepare a lease amortization schedule using a computer spreadsheet for Oriole Corporation for the five-year lease term. (Round answers to 2 decimal places, e.g. 52.75.) Oriole Leasing Corporation (Lessor) Lease Amortization Schedule Annual Lease Payment Plus PO Interest on Net Investment Net Investment Recovery Balai of N Investi Date $ 7/1/20 7/1/20 $ $ $ 7/1/21 7/1/22 Lease Payment Plus PO Interest on Net Investment Net Investment Recovery Balai of N Investi Date 7/1/20 7/1/20 $ $ 7/1/21 7/1/22 7/1/23 7/1/24 6/30/24 $ $ $ Prepare the journal entries to reflect the signing of the lease and to record the receipts and income related to this lease for the years 2020 2021, and 2022. The lessor's accounting period ends on December 31, and Oriole Corporation does not use reversing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit 7/1/20 7/1/20 (To record lease and cost of goods sold.) (To record interest.) (Collection of lease payment.) To record interest.) (To record interest.) (Collection of lease payment.) (To record interest. (To record interest.)