On January 1, 2023, Cullumber Ltd. which uses ASPE, sold a truck to Watenway Finance Corp. for $80,000 and immediately leased it back. The truck was carried on Cullumber's books at $70,000, net of $34,500 of accumulated depreciation. The term of the lease is five years, and title transfers to Cullumber at lease end. The lease requires five equal rental payments of $21,104, with each payment made at year end. The appropriate rate of interest is 10%, and the truck has a useful life of five years with no salvage value. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare Cullumber' ' 2023 journal entries including any year-end adjusting entries at December 31, 2023, (List all debit entries before: credit entries. Credit account titles ore automatically indented when the amount is entered. Do not indent manuolly If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) (Torecord sale of vehicle) December 31 . 2023 (To record inception of lease) December 31 . 2023 (Torecord inception of lease) December 31 . 2023 (To record depreciation expense) December 31. 2023 (To record amortization of deferred proft) December 31 2023 (To record lease payment)