Brief Exercise 21-3 Headland Corporation recorded a capital lease at $312,900 on January 1, 2017. The interest rate is 10%. Headland Corporation made the first lease payment of $58,429 on January 1, 2017, The lease requires 7 annual payments. The equipment has a useful life of 7 years with no salvage value Prepare Headland Corporation's December 31, 2017, adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places e.g. 12s.) Date Account Titles and Explanation Debit Credit December 31, 2017 (To record interest expense.) December 31, 2017 (To record depreciation.)