15 Homework Assignment Saved Help Save & Exit Submi Check my work Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2018. Edison purchased the equipment from International Machines at a cost of $131,591. (FV of $1, PV of $1, FVA of $1, PVA of $1 FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term Quarterly rental payments Economic life of asset 2 years (8 quarterly periods) $18,200 at the beginning of each period 2 years $131,591 12% Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) Required Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2019. Edison's fiscal year ends December 31 6:18 AN RENG earch up