Exercise $15-7($Algo$)$ Sales$-$type lease with no selling profit; lessor $[$LO$15-2]$

Edison Leasing leased high$-$tech electronic equipment to Manufacturers Southern on January $1,2024.$ Edison purchased the equipment from International Machines at a cost of $$119,300.$

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$Required:Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January $1,2025.$ Edison's fiscal year ends December $31.$Complete this question by entering your answers in the tabs below.AmortizationGeneralScheduleJournalPrepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January $1,2025.$ Edison's fiscal year ends December $31.$Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values.

$\backslash$table$[[$Payment Date,$\backslash$table$[[$Lease$],[$Payments$]],\backslash$table$[[$Effective$],[$Interest$]],\backslash$table$[[$Decrease in$],[$Balance$]],$Lease Balance$],[\frac{01}{01}\frac{?}{2024},,,,4],[\frac{01}{01}\frac{?}{2024},16,500,,,],[\frac{04}{01}\frac{?}{2024},16,500,.,,],[7/$n$1/,,,,$:$\text{'}$