The following facts pertain to a non-cancelable lease agreement between Cullumber Leasing and Marin Group, a lessee (amounts in thousands).

Commencement date		May 1, 2022
Annual lease payment due at the beginning of
each year, beginning with May 1, 2022		22,109.71
Bargain purchase option price at end of lease term		4,320
Lease term		5	years
Economic life of leased equipment		10	years
Lessors cost		70,200
Fair value of asset at May 1, 2022		98,280
Lessors implicit rate		8	%
Lessees incremental borrowing rate		8	%

The collectibility of the lease payments by Cullumber is probable. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

(a)

Prepare a lease amortization schedule for Marin for the 5-year lease term. (Round answers to 2 decimal places, e.g. 5,275.15.)