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ApprontConsole All Files Powered Coinbase - Buy/Sell Hea work Saved Help Save & Exit Submit Check my work Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $135,990. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information Lease ter Quarterly rental payments Economic life of asset Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) 2 years (8 quarterly periods) $18,200 at the beginning of each period 2 years $135,990 BX Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization of the right-of-use asset is recorded at the end of each fiscal year (December 31) on a bli hari 747 BAM 00 op work i Saved Help Save & Exit Submi Check my work Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization of the right-of-use asset is recorded at the end of each fiscal year (December 31) on a straight-line basis, Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Record the appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization recorded at the end of each fiscal year (December 31) on a straight-line basis. (Enter your answers in whole dollars and not in mill Round your intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "Nos entry required" in the first account field.) Showl. O 04 AM 1/21/21 i N 749

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