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

Commencement date		May 1, 2020
Annual lease payment due at the beginning of
each year, beginning with May 1, 2020		$15,852.19
Bargain purchase option price at end of lease term		$5,000
Lease term		5	years
Economic life of leased equipment		10	years
Lessors cost		$50,000
Fair value of asset at May 1, 2020		$68,000
Lessors implicit rate		11	%
Lessees incremental borrowing rate		11	%

The collectibility of the lease payments by Crane is probable.

Prepare a lease amortization schedule for Larkspur for the 5-year lease term. (Round answers to 2 decimal places, e.g. 5,275.15.) LARKSPUR COMPANY (Lessee) Lease Amortization Schedule Interest on Reduction of Lease Liability Liability $ Annual Lease Payment Plus BPO $ Date Lea: 5/1/20 $ $ 5/1/20 15852.19 5/1/21 5/1/22 5/1/23 5/1/24 4/30/25 $ $ $ $ $ $