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Wildhorse Co. as lessee records a finance lease of machinery on January 1, 2021. The seven annual lease payments of $805,000 are made at the

Wildhorse Co. as lessee records a finance lease of machinery on January 1, 2021. The seven annual lease payments of $805,000 are made at the end of each year. The present value of the lease payments at 11% is $3,793,000. Wildhorse uses the effective-interest method of amortization and sum-of-the-years'-digits depreciation (no residual value).

Prepare an amortization table for 20121 and 2022.

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