The following facts pertain to a non$-$cancelable lease agreement between Cullumber Leasing Company and Crane Company, a lessee.

Commencement date

Annual lease payment due at the beginning of

each year, beginning with January $1,2025$

Residual value of equipment at end of lease term,

guaranteed by the lessee $,$$$54,000$

Expected residual value of equipment at end of lease term $$49,000$

Lease term

Economic life of leased equipment

Fair value of asset at January $1,2025$

Lessor's implicit rate

Lessee's incremental borrowing rate

January $1,2025$

$$125,377$

$6$ years

$6$ years

$$660,000$

$8\%$

$8\%$

The asset will revert to the lessor at the end of the lease term. The lessee uses the straight$-$line amortization for all leased equipment.

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$($a$)$

Prepare an amortization schedule that would be suitable for the lessee for the lease term. $($Round present value factor calculations

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