On January 1, 2021, Oriole Ltd., which uses IFRS 16, entered into an eight-year lease agreement for a conveyor machine. Annual lease payments are $22,200 at the beginning of each lease year, which ends December 31, and Oriole made the first payment on January 1, 2021. At the end of the lease, the machine will revert to the lessor. However, conveyor machines are expected to last for only eight years and have no residual value. At the time of the lease agreement, conveyor machines could be purchased for $125,000 cash. Equivalent financing for the machine could have been obtained from Oriole's bank at 12%. Oriole's fiscal year coincides with the calendar year. Oriole uses straight-line depreciation for its conveyor machines. Prepare the journal entries on Oriole Ltd's books to (1) reflect the signing of the lease agreement, (2) record the payments and expenses related to this lease for the years 2021 and 2022, and (3) make any adjusting journal entries at its fiscal year ends of December 31, 2021 and 2022. Oriole does not use reversing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit (To record inception and payment of lease.) (To record depreciation expense.) (To record interest.) (To record lease payment.) (To record depreciation expense.) (To record interest.) Prepare a partial comparative statement of financial position at December 31, 2022, and 2021, for all of the accounts related to this lease for Oriole Ltd. Be specific about the classifications that should be used. Oriole Ltd. Statement of Financial Position (partial) V 2022 2021 $ $