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Regading the information in the screenshot, pease answer requirements 1-5. Thanks! Requirement...

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Accounting

Regading the information in the screenshot, pease answer requirements 1-5. Thanks!
Requirement #1
Calculate the present value of the lease payments and record the journal entry at lease inception for the lessee.
Requirement #2
In the space below, prepare the lease amortization schedule.
Requirement #3
Prepare the journal entries the lessee would record on January 1st 2022 and December 31st,2022 for the first two $30,000 lease payments.
Requirement #4
Determine the effect on Caf Med's earnings (net income) for the first year (2022)?
Requirement #5
Determine the balances relating to the lease (the lease payable & right-of-use asset) on Caf Med's balance sheet as of December 31,2022?
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