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Assuming That This Is Classified as an Operating Lease, Create

question 145

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Assuming that this is classified as an operating lease, create an amortization table for periodic interest and reduction in the liability.
Periodic Interest and Reduction in the Liability
 Reduction in  Payment  Interest  Lease Liability  Balance  Lease commencement: 1/1/20191/1/20201/1/20211/1/20221/1/2023\begin{array} { | l | l | l | l | l | } \hline& & & \text { Reduction in } & \\& \text { Payment } & \text { Interest } & \text { Lease Liability } & \text { Balance } \\\hline & & & & \\\hline \text { Lease commencement: } 1 / 1 / 2019 & & & & \\\hline 1 / 1 / 2020 & & & & \\\hline 1 / 1 / 2021 & & & & \\\hline 1 / 1 / 2022 & & & & \\\hline 1 / 1 / 2023 & & & & \\\hline\end{array}

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