umsfeld Corporation leased a machine on December 31, 2018, for a three-year period. The lease agreement calls for annual ayments in the amount of $13.000 on December 31 of each year beginning on December 31, 2013. Rurrisfeld has the valion lo urchase the machine on December 31, 2021, for $17,000 when its fair value is expected to be $27000. The machine's estimated seful life is expected to be four years with no residual value. The appropriate interest rate for this lease is 8%. i period, 2 periods, ** 3 periods, py of 31 PV, ordinary annuity 8.92593 8.92593 9.8574 1.78925 9.79983 2.327 PU, anally due 1.09203 1.02503 2.78326 equired: Calculate the amount to be recorded as a right of use asset and the associated casc liability, .. Prepare an amortization schedule for this case. Complete this question by entering your answers in the tabs below. Racuired 1 acuired2 Prepare an amortization schedule for this lease. {Round your answer to the nearest whole dollar amounts. Amortization Schedule Effective Decrease Payments Interest in Balance Balance Dec 31 2016 Dec. 21 2019 Dec.21 2020 Dec.21 2021