The following facts pertain to a non-cancelable lease agreement between Blossom Leasing Company and Kingbird Company, a lessee. Commencement date June 1, 2020 Annual lease payment beginning with June 1, 2020 $46,941.26 Bargain purchase option price at end of lease term $12,100 Lease term 4 years Economic life of leased equipment (no salvage value) 12 years Lessor's cost $162,000 Fair value of asset at June 1, 2020 $182,000.01 Lessor's implicit rate (known to lessee) 6 % Lessee's incremental borrowing rate 6 % The collectibility of the lease payments by Blossom is probable. Prepare a lease amortization schedule for Kingbird for the 4-year lease term. (Round answers to 2 decimal places, e.g. 5,275.15.) KINGBIRD COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Plus BPO Interest on Liability Reduction of Lease Liability Date Lease Liability 6/1/20 $ TA $ TA $ $ 6/1/20 6/1/21 6/1/22 6/1/23 5/31/24 $ $ $