Cuen 3 Partially correct Meck t 6500 ag question in all lease contracts. The first pamer Recording Sales-Type Lease, Unguaranteed Residual Value-Lessor Flint Company based equipment to Land Company for a five-year period. Fint perd $18.786 for the enument, its cutrent carrying value estimated useful life five years. The lease started on January 1, 2020. Fint uses a target rate or return of on January 1, 2020, and the accounting periods end on December 31. the equipment reverts talitlussar at the end of the lease termat which time the lessor estimates that the cruipment will have an unguaranteed residual value of sabo. Required a. Compute the annual payment for the lessar. Note: Round answer to the nearest dollar. Note: Do not use a negative sign with your answer. Amortization Schedule journal. Entries 5. Prepare an amortization schedule of the lease receivable for the lessor. Note: Round each amount in the schedule to the nearest whole collar, use the rounded amount for later calculations in the schedule, - Note: Include any retrounding difference to Lease Recewable in the interest Revenue amount for Jan 1, 2025 Lease Payment interest Revenue Reduction of Lens Receivable Lease Receivable $ 11.157 470 X 3 4,557 X 115 Date 1 2000 Jar. 1, 2023 Jan., 2021 Jan. 1. 2022 Jan 1, 2023 Jan. 1.2021 Jan. 1. 2015 Total 3453 4357 4,031 $ 21,6 Cuen 3 Partially correct Meck t 6500 ag question in all lease contracts. The first pamer Recording Sales-Type Lease, Unguaranteed Residual Value-Lessor Flint Company based equipment to Land Company for a five-year period. Fint perd $18.786 for the enument, its cutrent carrying value estimated useful life five years. The lease started on January 1, 2020. Fint uses a target rate or return of on January 1, 2020, and the accounting periods end on December 31. the equipment reverts talitlussar at the end of the lease termat which time the lessor estimates that the cruipment will have an unguaranteed residual value of sabo. Required a. Compute the annual payment for the lessar. Note: Round answer to the nearest dollar. Note: Do not use a negative sign with your answer. Amortization Schedule journal. Entries 5. Prepare an amortization schedule of the lease receivable for the lessor. Note: Round each amount in the schedule to the nearest whole collar, use the rounded amount for later calculations in the schedule, - Note: Include any retrounding difference to Lease Recewable in the interest Revenue amount for Jan 1, 2025 Lease Payment interest Revenue Reduction of Lens Receivable Lease Receivable $ 11.157 470 X 3 4,557 X 115 Date 1 2000 Jar. 1, 2023 Jan., 2021 Jan. 1. 2022 Jan 1, 2023 Jan. 1.2021 Jan. 1. 2015 Total 3453 4357 4,031 $ 21,6