Question: On January 4, 2023, Mesa leased a machine for 5 years from Tiedt. The first equal annual lease of $2,000,000 was made on January 4,

On January 4, 2023, Mesa leased a machine for 5 years from Tiedt. The first equal annual lease of $2,000,000 was made on January 4, 2021. The discount rate is 10%. The present value of lease payments at the inception of the lease was $8,756,727. The lease is appropriately accounted for as a finance lease by both Messa and Tiedt. Give all 2023 entries and a well-labeled amortization schedule for both Mesa and Tiedt

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