CAD Construction Inc. acquired equipment under a capital ease that requires six annual lase payments of 525.000. The first payment is due when the lease begins on Lanuary 2 2020. Future payments are due on January 2 of each year of these term The interest rate in the lease 15 percent and the present value of the five release payment is $83,604 Journal ( the soquisition of the equipment. (b) the amortization for 2020. (c) the accrued interest at December 31, 2020, and the second lease payment on January 2 2021 (al Prepare the journal entry for the acquisition of equipment Record debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest dotter) Journal Entty Accounts Date Debut Credit 2020 Jan