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12 Grichuk Power leased high-tech electronic equipment from Kolten Leasing on January 1. 2018. Kolten...

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12 Grichuk Power leased high-tech electronic equipment from Kolten Leasing on January 1. 2018. Kolten purchased the equipment from Wong Machines at a cost of $254,000, its fair value. (FV of $1, PV of S1. EVA of S1. PVA.of S1. EVAD ofSi and PVAD of s) (Use appropriate factor(s) from the tables provided.) 10 points Related Information: Lease term Quarterly lease payments Economic life of asset Interest rate charged by the lessor 2 years (8 quarterly periods) $19,000 et Jan. 1, 2018, and at Har, 31, June 30, Sept. 3e, and Dec. 31 thereafter. 5 years 8% eBook Hint Required: Prepare a lease amortization schedule and appropriate entries for Grichuk Power from the commencement of the lease through Print References December 31. 2018. December 31 is the fiscal year end for each company, Appropriate adjusting entries are recorded at the end of each quarter Complete this question by entering your answers in the tabs below. General Amort Schedule Journal Prepare a lease amortization schedule for the term of the lease for Grichuk Power from the commencement of the lease

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