Question $2$ On $01-$Jan$-2020$ JCP Ltd contracted to lease a machine for $4$ years. Annual lease payments $($commencing $31-$Dec$-2020)$ are $\backslash (20,000\backslash ).$ Annual interest rates are $6\mathrm{.}5\backslash \%.$ Balance Sheet: JCP Ltd Statement of Financial Position at $31-$Dec$-2020$ Required: $($a$)$ Show JCP$\text{'}$s lease repayment schedule for this contract. $($b$)$ Show the accounting entries required to record JCP$\text{'}$s lease at the end of the first year. $($c$)$ Amend JCP$\text{'}$s balance sheet for $31-$Dec$-20($shown below$)$ to include this lease transaction. $($d$)$ For Y$/$e $31-$Dec$-20,$ calculate JCP$\text{'}$s gearing ratios before and after the addition of the lease transaction.