1. On December 31, 2019, Rich Corporation signed a 6-year, non-cancelable lease for a machine. The terms of the lease called for JB to make annual payments of $12,108 at the beginning of each year, starting December 31, 2019. The machine has an estimated useful life of 8 years and a $6,000 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. JB uses the straight-line method of depreciation for all of its plant assets. JB's incremental borrowing rate is 8%, and the lessor's implicit rate is unknown The present value of the minimum lease payments is $120,903. This is a financing (capital) lease. Prepare an amortization table. Prepare the journal entries for 12/31/4 and 12/31/20. Place your answers in the space below: Amortization table