On January 1, 2022, Sunland Inc. entered into an agreement to lease 20 computers from Drummond Electronics. The terms of the lease agreement require three annual rental payments of $39,000 (including 10% Interest) beginning December 31, 2022. The present value of the three rental payments is $96,985. Sunland considers this a finance lease. Prepare the journal entry to record the lease agreement on the books of Sunland Inc. on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Jan. 1 Debit 49735 Credit Lease Liability 49735