A and B,

Using the Snipping Tool as described in your instructions please snip a copy of the Assignment question fo provided below: Place your WP question 3 here using Snipping Tool: Shamrock Inc. entered into a five-year lease of equipment from Matusek Inc on July 1, 2021. The equipment has an estimated economic life of eight years and fair value of $ 295,000. The present value of the lease payments amounts to $ 254,415. The lease does not have a bargain purchase option and ownership does not transfer to Shamrock at the end of the lease. Using the above WileyPlus question please enter the appropriate information from the question into the Data from the WileyPlus Assignment Question #3 Date of the lease July 1, 2021 All items in the parts below MUST be cell-ref 29,500.00 Excel formulas for all amounts including date Fair value of equipment Present value of lease payments 254,415.00 Term of the lease (in years) 5 Interest rate (not provided) 8.00% a. calculations!) For purposes of this calculation enter o for the FV otherwise your lease schedule in part b will not work out. (2 marks) b. Prepare a lease schedule for this lease arrangement using the lease payments calculated in a above. (4 marks) Lease Obligation Obligation after Date Lease Payment Interest Reduction payment