\fPrepare the journal entries for both the lessee and lessor to record any entries needed in connection with the lease at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Lessee (December 31, 2020) Interest Expense 211741 Lease Liability 211741 (To record interest) Amortization Expense 305300 Right-of-Use Asset 305300 (To record amortization) Lessor (December 31, 2020) Debit Credit Lease Receivable 185273 Interest Revenue 185273Show the items and amounts that would be reported on the balance sheet (not notes) at December 31, 2020, for both the lessee and the lessor. TAMARISK INDUSTRIES Balance Sheet (Partial) December 31, 2020 V Asset Non-current Assets Right-of-Use Asset $ 2747703 Current Liability Current Liabilities Lease Liability $ 406242 Long-term Liabilities V Lease Liability 2452260 VAUGHN INC. Balance Sheet (Partial) December 31, 2020 V Assets Current Assets Lease Receivable 406242 Non-current Assets Lease Receivable $ 2425792