Chapter 15 Pre-Built Problems Help Save &Exit Check 15 On January 1,2018, Rick's Pawn Shop leased a truck from Chumley Motors for a seven-year period with an option to extend the lease for three years. Rick's had no significant economic incentive as of the beginning of the lease to exercise the 3-year extension option. Annual lease payments are $11,500 due on December 31 of each year, calculated by the lessor using a 6% interest rate. The ogreement is considered an operating lease. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided.) 10 points Required ook 1. Prepare Rick's journal entry to record for the right-of-use asset and lease iability at January 1, 2018. Print 2. Prepare the joumal entries to record interest and amortization at December 31, 2018. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 re Rick's journal entry to record for the right-of-use asset and lease liability at January 1, 2018. (If no entry is required Prepar for a transaction/event, select "No journal entry required" in the frst account feld. Round your answers to the nearest whole dollar amount.) View transaction Est Journal entry worksheet Record the beginning of the lease for Rick's