Current Attempt in Progress Cullumber Ltd., a public company following IFRS 16, recorded a right-of-use asset and lease liability at $189,000 on May 1, 2020. The interest rate is 9%. Cullumber made the first lease payment of $27,018 on May 1, 2020. The lease requires a total of 10 annual payments. The equipment has a useful life of 10 years with no residual value. Prepare Cullumber'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 for the amounts. Round answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record interest.) Dec. 31 (To record depreciation expense.)