On January 1, 2022.XYZ lased equipment from Standey Inc. Lesso signing an Operating Lease with the following terma . Both the cost and the fair value of the asset for Stanley Int Lessori 5360,000 Lease specifies & annual payments of 560,273 beginning January 1, 2022, and on each January thereafter through 2025. The year arm ends on December 2005 - The set's expected residual value at the end of the lease term (4 years) is $175,000 unguaranteed by the Lost The expected useful life of the equipment is 7 years, and there is no expected residual value at the end of its useful life There is no purchase option, and the equipment reverts back to the lessor at the end of the year period The implicitrate on the lease is 6%, and XYZ Less is aware of that rate Assume Straight Line Depreciation is used on the Right of Use Asset Present Valve factors are the following: PV of 51 PV of Annuity Due nes -79209 3.67301 66506 5.91732 w6% Al December 31, 2022 end of the first year, XYZ Lessee's Journal entry would include a a. Debit to interest Expense for $9,667 Ob. Debit to Lease Liability for $9,687 c. Credit to Right-Of-Uso Asset for $50,606 Od Credit to Lease Liability for $13,283 Oo. Credit to Right-Of-Use Asset for 60,273