The following facts partain to a non$-$cancelabla lease agreement between Blocsom Leasing Company and Wildhorse Company, a

lesses.

Commencement date

January $1,2025$

Annual lease payment due at the beginning of

ach year, beginning with January $1,2025$$$119,825$

Residual value of equipmant at end of lase term,

zuaranteed by the lesese $$46,000$

Expected residual value of aquipment at and of lease term $$41,000$

Lease term

$6$ yara

Economic life of leased aquipment

$6$ yars

Fair value of aseat at January $1,2025$

$$657,000$

Lessor's implicit rate

$6\%$

Lessee's incremental borrowing rate

$6\%$

The asset will revart to the lessor at the and of the lease term. The lesses uses the straight$-$line amortization for all leased aquipment.

Click hare to viaw factor tables.

$($a$)$

Your answer is partially corract.

Prepare an amortization schedula that would be suitable for the lesses for the lease tarm. $($Round present value factor calculations

to $5$ decimal places, es$.1\mathrm{.}25124$ and the final answers to $0$ decimal places e$.$g$.5\mathrm{.}275.)$