Question: 24 Based on the amortization schedule, please answer the followint questions. 25 Q1: what is the lessee's lease manemce in Yl if this is an

 24 Based on the amortization schedule, please answer the followint questions.
25 Q1: what is the lessee's lease manemce in Yl if this
is an operating lease? Q2: What is the lessect interest mennen in

24 Based on the amortization schedule, please answer the followint questions. 25 Q1: what is the lessee's lease manemce in Yl if this is an operating lease? Q2: What is the lessect interest mennen in Y1 if this is an operating lease? Q3: what is the lessee k amartisation uxpense related to the right-of-use assets in Y if this is an operating lease? QA what is the lessee's amartization expense related to the right-of-use assets in Y3 if this is an operating lease? Q5: Prepare the joumal entry for the lessor on 01/01/Y if this is an operating lease. Q7: Prepare the journal entry for the lessor on 04/01/Y2 if this is a sales type lease. Lease Term (in years) quarterly rental payments (paid at the beginning of each quarter) Effective interest rate Present value of lease payments 3 $30,000 12% Prepare the lease amortization schedule

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