Windsor Company manufactures a check-in kiosk with an estimated economic life of 12 years and leases it to National Airlines for a period of 10 years. The normal selling price of the equipment is $262,268, and its unguaranteed residual value at the end of the lease term is estimated to be $21,400. National will pay annual payments of $36,200 at the beginning of each year. Windsor incurred costs of $177,800 in manufacturing the equipment and $4,400 in sales commissions in closing the lease. Windsor has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 9%. 1.Compute the amount of each of the following items.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 0 decimal places, e.g. 5,275.) (1) Lease receivable $ (2) Sales price $ (3) Cost of sales 2. Prepare a 10-year lease amortization schedule for Windsor, the lessor.(Round answers to 0 decimal places e.g. 5,275.) 3. Prepare all of the lessors journal entries for the first year.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places e.g. 5,275.)