On $01-$Jan$-23$ Smith Ltd contracted to lease a machine for $4$ years. Annual lease payments $($commencing $31-$Dec$-23)$ are $\backslash (40,000\backslash ).$ Annual interest rates are $7\mathrm{.}5\backslash \%.$ Required: a$)$ Show Smith's lease repayment schedule for this contract. b$)$ Show the accounting entries required to record Smith's lease at the end of the first year. c$)$ Amend Smith's balance sheet for $31-$Dec$-23($shown below$)$ to include this lease transaction. d$)$ For Y$/$e $31-$Dec$-23,$ calculate Smith's gearing ratios before and after the addition of the lease transaction. Smith Ltd SFP at $31-$Dec$-23$