On January 1, 2022, Dean Corporation signed a ten-year noncancelable lease for certain machinery. The terms of the lease called for Dean to make annual payments of 220,000 at the end of each year for ten years with the title passing to Dean at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Dean uses the straightline method of depreciation for all of its fixed assets. Dean accordingly accounted for this lease transaction as a finance lease. The lease payments were determined to have a present value of 1,342,016 at an effective interest rate of 8%. With respect to this capitalized lease, Dean should 4. Record the journal entry of the lease on January 1, 2022 5. Record the first least payment on December 31,2022 6. Record the interest payment on December 31,2022 7. What is the balance in the Lease liability account on December 31,2022 ? 8. Record the depreciation expense account on December 31,2022 9. What is the balance of the non-current asset on December 31,2022