Lyrtricks Ltd., which hasa December 31 year end, had the following transactionsin December 2020 and January 2021: 2020 Dec. 1 Dec. 31 The company borrowed $ 155,000 from a bankon a five-year loan payable. The terms of the loan stipulate that Lyrtricks must repay 1/5 of the principal every November 30 plus the interest accrued to that date. The loan bears interest at 12% per annum Recorded employee wages for December. The wages earned by employees amounted to $ 10,300, and thecompany withheld CPP of $ 593, El of $ 501, and income taxes of $ 2,300. Lyrtricks'employer contributions were $ 593 for CPP and $ 701 for El. Recorded the adjusting entry to record the interest incurred on the bank loan during December. Recorded the entry to reclassify thecurrent portion of the bank loan. Dec. 31 Dec. 31 2021 Jan. 2 Paid the wages recorded on December 31. Made the remittance to the government related to the December 31 payroll. Jan. 15 Prepare all necessary journal entries related to the above transactions. {Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not inderat manually. If rio entry is required, select "No entry"for the account titles onderter O for the amounts.) Date Account and explanation Debit Credit 2020 Dec. 1 Dec. 31 (To record wages payable.) (To record employer's liabilities.) Dec. 31 (To record interest.) (To record reclassification of current portion of bank loan.) 2021 Jan. 2 Jan. 15