MNO Ltd leases an asset as a lessee. The lease agreement is for $6$ years. Lease instalments of R$145545$

made at the beginning of the period and interest rate is $9\%.$ The commencement of the lease is $1$ April $2021.$

Asset is depreciated over $4$ years. The tax rate is $28\%.$ Lease payments are allowed as a deduction when paid.

Profit before tax is R$600000$

Journalise the transactions for the year ended $31$ December $2021($Journal narrations are required$)$