The following facts pertain to a non-cancelable lease agreement between Ivanhoe Leasing Company and Metlock Company, a lessee. The collectibility of the lease payments by Ivanhoe is probable. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Discuss the nature of this lease to Metlock. The nature of this lease to Metlock is a lease. Discuss the nature of this lease to lvanhoe. The nature of this lease to lvanhoe is a lease. Prepare a lease amortization schedule for Metlock for the 5 -year lease term. (Round answers to 2 decimal places, e.g. 5,275.15.) Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2020 and 2021 . Metlock's annual accounting period ends on December 31 . Reversing entries are used by Metlock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.15. Record journal entries in the order presented in the problem.) (To record interest expense) (To record amortization of the right-of-use asset) (To record interest expense) (To record amortization of the right-of-use asset)