Crane Ltd., a public company following IFRS 16, recorded a right-of-use asset and lease liability at $132.300 on May 1, 2020. The interest rate is 9%. Crane made the first lease payment of $24.116 on May 1, 2020. The lease requires a total of 7 annual payments. The equipment has a useful life of 7 years with no residual value. Prepare Crane's December 31, 2020 adjusting entries. (Credit account titles are automatically indented when the 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, eg 5,275) Date Account Titles and Explanation Debit Credit Dec. 31 Dec. 31 (To record interest.) tion expense)