The following facts pertain to a non-cancelable lease agreement between Blossom Leasing Company and Kingbird Company, a lessee. \begin{tabular}{lrl} Commencement date & June 1, 2020 \\ Annual lease payment beginning with June 1, 2020 & $46,941.26 & \\ Bargain purchase option price at end of lease term & $12,100 & \\ Lease term & 4 & years \\ Economic life of leased equipment (no salvage value) & 12 & years \\ Lessor's cost & $160,000 & \\ Fair value of asset at June 1, 2020 & $182,000.01 & \\ Lessor's implicit rate (known to lessee) & 6 & % \\ Lessee's incremental borrowing rate & 6 & % \end{tabular} Prepare a lease amortization schedule for Kingbird for the 4-year lease term. (Round answers to 2 decimal places, e.g. 5,275.15.)
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