#6. please answer all parts. please read the questionumbers carefully! similar questions may already be posted to Chegg but they have slightly different numbers. i will give upvote/thumbs up for correct answer! thank you for your help!

*if you give me an email and ask for money I will report you*

Shamrock Company leases an automobile with a fair value of $18,034 from Kenneth Motors, Inc., on the following terms. 1. Non-cancelable term of 50 months. 2. Rental of $370 per month (at the beginning of each month). (The present value at 0.5% per month is $16,414.) 3. Shamrock guarantees a residual value of $1,600 (the present value at 0.5% per month is $1,247 ). Shamrock expects the probable residual value to be $1,600 at the end of the lease term. 4. Estimated economic life of the automobile is 60 months. 5. Shamrock's incremental borrowing rate is 6% a year ( 0.50% a month). Kenneth's implicit rate is unknown. What is the present value of the lease payments to determine the lease liability? (Round answer to 0 decimal places, e.g. 5,275.) Present value of the lease payments Based on the original fact pattern, record the lease on Shamrock's books at the date of commencement. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Record the first month's lease payment (at commencement of the lease). (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Record the second month's lease payment. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts Round answers to 0 decimal places, e.g. 5,275. ) Record the first month's amortization on Shamrock's books (assume straight-line). (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275. Suppose that instead of $1,600, Shamrock expects the residual value to be only $500 (the guaranteed amount is still $1,600 ). How does the calculation of the present value of the lease payments change from part (b)? (Round answer to 0 decimal places, e.g. 5,275.) PV of lease payments $