Sage Company manufactures a check-in kiosk with an estimated economic life of 12 years and leases it to Pronghorn Airlines for a period of 10 years....

i need help with tow questions plz ,,,,,,,,,,,, ........

Sage Company manufactures a check-in kiosk with an estimated economic life of 12 years andleases it to Pronghorn Airlines for a period of 10 years. The normal selling price of theequipment is $256,597, and its unguaranteed residual value at the end of the lease term isestimated to be $20,400. Pronghorn will pay annual payments of $36,800 at the beginning ofeach year and all maintenance, insurance, and taxes. Sage incurred costs of $181,800 inmanufacturing the equipment and $4,300 in negotiating and closing the lease. Sage hasdetermined that the collectability of the lease payments is reasonably predictable, that noadditional costs will be incurred, and that the implicit interest rate is 10%. Pronghorn Airlineshaving an incremental borrowing rate of 10%.1. Compute the amount of the initial obligation under capital leases.( PV of annuity = 6.75902)?2 Prepare a 10-year lease amortization schedule.PRONGHORN AIRLINES (Lessee)Lease Amortization Schedule(Annuity due basis and URV)BeginningInterest onReduction of LeaseLeaseof YearAnnual Lease PaymentLease LiabilityLiabilityLiabilityInitial PV123S3 Focus