The following facts pertain to a non$-$cancelable lease agreement between Ivanhoe Leasing and Metlock Group, a lessee $($amounts in Prepare a lease amortization schedule for Metlock for the $5-$year lease term. $($Round answers to $2$ decimal places, e$.$g$.5,275\mathrm{.}15.)$

METLOCK GROUP $($Lessee$)$

Lease Amortization Schedule

thousands$).$

Commencement date

Annual lease payment due at the beginning of

each year, beginning with May $1,2022$

Bargain purchase option price at end of lease term

Lease term

Economic life of leased equipment

Lessor's cost

Fair value of asset at May $1,2022$

Lessor's implicit rate

Lessee's incremental borrowing rate

May $1,2022$

:$\text{'}25,794\mathrm{.}66$

:$\text{'}5,040$

$5$ years

$10$ years

$81,900$

$7114,660$

$8\%$

$8\%$

The collectibility of the lease payments by lvanhoe is probable.