Brief Exercise 21-22 Tamarisk Corporation enters into a 6-year lease of equipment on December 31, 2019, which requires 6 annual payments of $42,200 each, beginning December 31, 2019. In addition, Tamarisk guarantees the lessor a residual value of $19,500 at the end of the lease. However, Tamarisk believes it is probable that the expected residual value at the end of the lease term will be $9,750. The equipment has a useful life of 6 years. Prepare Tamarisks' December 31, 2019, journal entries assuming the implicit rate of the lease is 10% and this is known to Tamarisk. (Credit account titles are automatically indented when amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to O decimal places e.g. 5,275.) Click here to view factor tables. Debit Credit Date Account Titles and Explanation December 31, 2019 (To record the lease liability) December 31, 2019 (To record lease payment) Click if you would like to Show Work for this question: Open Show Work