Childs Construction began a ten-year 10% lease on an excavator on January 1, 2019. The excavator has a list price of $500,000 and required a $55,000 down payment at the inception of the lease. Childs Construction must make nine-equal payments of $77,270.04 on December 31 of each year, beginning in 2019. Which of the following was included in the journal entry that Childs made to record the lease payment on December 31, 2020? Select one: a. Credit to lease liability of $62,888.84 b. Debit to interest expense for $14,381.20 c. Debit to lease liability for $36,047.04 d. Credit to interest expense of $41,223.00