Rick Kleckner Corporation recorded a finance lease at €300,000 on January 1, 2015. The interest rate is 12%. Kleckner Corporation made the first lease payment of €53,920 on January 1, 2015. The lease requires eight annual payments. The equipment has a useful life of 8 years with no residual value. Prepare Kleckner Corporation’s December 31, 2015, adjusting entries.