Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round answers to 2 decimal places, es (5,275,15) (b) Mary Leasing Company signs an agreement on January 1, 2025, to lease equipment to Kingbira Company The following information relates to this agreement. 1. The termo of thenon-cancelable lease is 3 years with no renewai option. The equipment has an estimated ecnnomic life or 5 years. 2. The fainvalue of the asset at January 1,2025 , is $70,000 : 3. The asset will revert to the lessor at the end of the lease term at which time the asset is expacted to have a residual value of $7000, none of which is guaranteed. 4. The asteement requites equalannuai rental payments of $22,098,06 to the lessor, beginning on Jansary 1,2025. 5. The lessee's incremental borrowing rate is 5%. The fessor wimplicit rote is 4N and is unknown to the lessee. 6. Kinebird uses the stringt-line deprecistion method for all equiptrent: Cick here tovew lactor tablet (For calculation purposes, use 5 decinal places us dlspluyed in the foctor tobile provided.) (a) 5.275 .151