You are the new controller for Banana, Inc.. The company CFO has asked you to develop the appropriate worksheets and then journal entries to support several lease contracts as applied based on the new lease regulations. Your accounting group provided you the following information regarding the lease:

On January 2, 2019, another of Bananas subsidiaries, Apple, entered into an operating lease for four years, with semi-annual lease payments as follows: payments 1 and 2 = $22,500; payments 3 and 4 = $27,000; payments 5 and 6 = $30,000; and payments 7 and 8 = $32,000. Payments are to be made on the inception date and every June 30 and December 31 thereafter. The lessors interest rate is 6%. Provide the amortization table for the lease and the journal entries required at the inception of the lease and the lease payment on June 30, 2020. The lessee records amortization expense each time a lease payment is made.