On January 1, 2019, Pronghorn Inc., a construction company, leased an excavator from Leaselt Inc. The lease terms are as follows: Annual lease payments of $23,100 at the beginning of each year for five years At the end of the lease term the asset reverts back to the lessor and the residual value guarantee is $8,300 The incremental borrowing rate is 8% and the implicit rate in the lease is 7% (known by the lessee) Pronghorn Inc. has a December 31 year end Prepare the journal entries for 2019 for Pronghorn Inc. Assume Pronghorn follow IFRS. (Credit account titles are automatically indented