On January 1, 2021. Santee Company leased equipment, with a fair value of $25,771 (cost of $20,000 ), to Bellimoso Company under a 3 -year lease. The economic life of the asset is 4 years. The present value of the lease payments equals $25,771 and $10,000 in annual lease payments are cue at the end of each year of the lease. An implied rate of 8% is assumed. When Bellimoso makes the first lease payment on December 31,2021 , what entry will the lessee record