Please answer in the same format, will up vote

Exercise 15-2 (Algo) Finance lease; calculate lease payments [LO15-2] Imerican Food Services, Inc, leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed onstruction of the machine on January 1, 2021. The lease agreement for the $4.9 million (fair value and present value of the lease iayments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be five ears with no residual value. Barton and Barton's implicit interest rate was 10%. (FV of S1, PV of \$1. EVA of \$1. PVA of S1. FVAD of $ nd PVAD of S1) (Use appropriate factor(s) from the tables provided.) lequired: Prepare the joumal entry for American Food Services at the beginning of the lease on January 1,2021. . Prepare an amortization schedule for the four-year term of the lease. \& 4. Prepare the appropriate entries related to the lease on December 31,2021 and 2023. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2021. (Enter your answers in whole dollars and not in millions. If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Exercise 15-2 (Algo) Finance lease; calculate lease payments [LO15-2] American Food Services, Inc. leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2021. The lease agreement for the $4.9 million (fair value and present value of the lease payments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be five years with no residual value. Barton and Barton's implicit interest rate was 10%. (FV of \$1. PV of \$1, FVA of \$1. PVA of \$1. PVAD of \$1 and PVAD af Si) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for American Food Services at the beginning of the lease on January 1.2021. 2. Prepare an amortization schedule for the four-year term of the lease. 3. \& 4. Prepare the appropriate entries related to the lease on December 31, 2021 and 2023. Complete this question by entering your answers in the tabs below. Prepare an amortization schedule for the four-year term of the lease. (Enter your answers in whole dollars and not in milions. Round your answers to the nearest whole dollar. Enter all amounts as positive values.) Exercise 15-2 (Algo) Finance lease; calculate lease payments [LO15-2] American Food Services, Inc. leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2021. The lease agreement for the $4.9 million (fair value and present value of the lease payments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be five years with no residual value. Barton and Barton's implicit interest rate was 10%. (FV of S1, PV of $1, FVA of $1,PVA of $1. PVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for American Food Services at the beginning of the lease on January 1,2021. 2. Prepare an amortization schedule for the four-year term of the lease. 3. \& 4. Prepare the appropriate entries related to the lease on December 31, 2021 and 2023. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the appropriate entries related to the lease on December 31, 2021 and 2023. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to the nearest whole dollar.)