IFRS 21-7 Buffalo Corporation recorded a finance lease at $380,000 on January 1, 2017. The interest rate is 10%. Buffalo Corporation made the first lease payment of $70,958 on January 1, 2017. The lease requires 7 annual payments. The equipment has a useful life of 7 years with no residual value. Prepare Buffalo Corporation's December 31, 2017, adjusting entries. Assume straight-line depreciation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record interest.) (To record depreciation.) SHOW LIST OF ACCOUNTS LINK TO TEXT