On January 1, 2021, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual lease payments on December 31 of each year. The payments are $10,000 the first year and increase by $500 per year Benefits expected from using the office space are expected to remain constant over the lease term Required: Record Sweetwater's lease payment at December 31, 2025 (the fifth lease payment), and December 31, 2035 (the fifteenth lease payment). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No 1 Answer is complete but not entirely correct. Date General Journal Debit December 31, 202 Lease expense 20.500 Cash Deferred lease expense payable Credit OO 15 550 49.500 2 December 31, 203 Lease expense Deferred lease expense payable Cash SOO 20 500 3.300 23,800