I just need help with journal entry 3-8. everything else is correct.

Federated Fabrications leased a tooling machine on January 1, 2021, for a three-year period ending December 31, 2023. The lease agreement specified annual payments of $49,000 beginning with the first payment at the beginning of the lease, and each December 31 through 2022. The company had the option to purchase the machine on December 30, 2023, for $58,000 when its fair value was expected to be $73,000, a sufficient difference that exercise seems reasonably certain. The machine's estimated useful life was six years with no salvage value. Federated was aware that the lessor's implicit rate of return was 10%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the amount Federated should record as a right-of-use asset and lease liability for this finance lease. 2. Prepare an amortization schedule that describes the pattern of interest expense for Federated over the lease term. 3. Prepare the appropriate entries for Federated from the beginning of the lease through the end of the lease term. Required 1 Required 2 Required 3 Calculate the amount Federated should record as a right-of-use asset and lease liability for this finance lease. (Round your intermediate and final answer to the nearest whole dollar amount.) Right-of-use asset and lease liability $ 177,617 Required 1 Required 2 Required 3 Prepare an amortization schedule that describes the pattern of interest expense for Federat your intermediate and final answers to the nearest whole dollar amount. Enter all amounts Lease Amortization Schedule Effective Decrease in Payments Interest Balance Date Outstanding Balance 01/01/2021 $ 49,000 12/31/2021 49,000 12,862 49,000 36,138 39,752 12/31/2022 9,248 (39,752) 12/31/2023 49,000 58,000 205,000 Total $ Journal entry worksheet Record the cash payment. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Lease payable 49,000 Cash 49,000 Record entry Clear entry View general journal Journal entry worksheet Record lease payment. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2021 Amortization expense Right-of-use asset 29,602 29,602 Record entry Clear entry View general journal Journal entry worksheet Record amortization of the right-of-use asset for Federated. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2022 Lease payable Interest expense 39,752 9,248 Cash 49,000 Record entry Clear entry View general journal Journal entry worksheet Record amortization of the right-of-use asset for Federated. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2023 Lease payable Interest expense 52,727 5,273 Cash 58,000 Record entry Clear entry View general journal Journal entry worksheet