The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Wildhorse Company, a lessee. January 1 $ 121,928 $50,000 $ 45,000 Commencement date Annual lease payment due at the beginning of each year, beginning with January 1, Residual value of equipment at end of lease term, guaranteed by the lessee Expected residual value of equipment at end of lease term Lease term Economic life of leased equipment Fair value of asset at January 1, Lessor's implicit rate Lessee's incremental borrowing rate 6 years 6 years $626,000 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. Click here to view factor tables. Your answer is partially correct. Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answers to O decimal places eg. 5,275.) WILDHORSE COMPANY (Lessee) Lease Amortization Schedule Interest on Reduction of Lease Liability Liability Annual Lease Payment Plus GRV Lease Liability 0 0 0 $ 626000 121928 0 121928 504072 121928 45367 458706 121928 41284 417422 121928 37568 379854 121928 34187 345667 121928 31110 286247 DIO DUN $