5 Problem 15-25 (Algo) Operating lease; uneven lease payments (LO15-4, 15-7] 2.85 points On January 1, 2021, Harlon Consulting entered into a three-year lease for new office space agreeing to lease payments of $5,600 in 2021, $7,200 in 2022 and $8,800 in 2023. Payments are due on December 31 of each year with the first payment being made on December 31, 2021. Harlon is aware that the lessor used a 5% interest rate when calculating lease payments. (FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1-4. Prepare the appropriate entries for Harlon Consulting on January 1, 2021, December 31, 2021, 2022 and 2023 to record the lease. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 19,466 January 01, 2021 Right-of-use asset Lease payable 19.466 2 973 December 31, 202 Interest expense Lease payable Cash OOO 4,627 5,600 3 8,630 December 31, 202 Amortization expense Right-of-use asset 8,630 X UT 5 4.627 Lease payable Cash 5.600 3 8,630 X 2.85 points December 31, 202 Amortization expense Right-of-use asset 8,630 X 4 742 December 31, 202 Interest expense Lease payable Cash OOO 6,458 7,200 5 8,630 X December 31, 202 Amortization expense Right-of-use asset 8,630 6 419 December 31, 202 Interest expense Lease payable Cash 8,381 8,800 7 8,630 December 31, 202 Amortization expense Right-of-use asset Oo 8,630 X