(C) Prepare a lease amortization schedule for Matlock for the 4-year lease term. (Round answers to 2 decimal places, eg,5,275,15) METLOCK COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Plus BPO Interest on Liability Reduction of Lease Liability Lease Liability $ $ $ $ $ creep14.pdf Show Attempt History Current Attempt in Progress The following facts pertain to a non-cancelable lease agreement between Ivanhoe Leasing Company and Metlock Company, a lessee. Commencement date Annual lease payment beginning with June 1, 2020 Bargain purchase option price at end of lease term June 1, 2020 $47,005.95 $11,800 Lease term 4 years Economic life of leased equipment (no salvage value) 12 years Lessor's cost $ 158,000 Fair value of asset at June 1, 2020 $181.99998 6 X Lessor's implicit rate known to lessee) Lessee's incremental borrowing rate 6 % The collectibility of the lease payments by Ivanhoe is probable. Click here to view factor tables (For calculation purposes, use 5 decimal places as displayed in the factor table provided) coat