Brief Exercise 21-3 Wildhorse Corporation recorded a capital lease at $289,600 on January 1, 2017. The interest rate is 14%. Wildhorse Corporation made the first lease payment of $54,762 on January 1, 2017. The lease requires 8 annual payments. The equipment has a useful life of 8 years with no salvage value. Prepare Wildhorse 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 0 for the amounts. Round answers to 0 decimal places e.g. 125.) Date Account Titles and Explanation Debit Credit December 31, 2017 (To record interest expense.) December 31, 2017 (To record depreciation.)