Question: Need help with part b, please demonstrate how you got the answers for cash and owner's equity Leased assets have an expected life of 4

Need help with part b, please demonstrate how you got the answers for cash and owner's equity

Need help with part b, please demonstrate how you got the answers

Leased assets have an expected life of 4 years. Depreciation is straight line. Annual lease payment is S3,623 Interest rate is 8% If we considered the lease to be a capital lease, please illustrate this lease with an amortization table, a balance sheet and an income statement. (A) Amortization Table Beginning PMT Interest Principle (B) Balance Sheet Cash Leased Assets Leased Liability Owner's Equity

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