On January 1, Kaechele Corporation leased a truck, agreeing to pay $19,468 every December 31 for the six-year life of the lease. The present value of the lease payments, at 8% interest, is $90,000. The lease is considered a capital lease. (a) Prepare the general journal entry to record the acquisition of the truck with the capital lease. (b) Prepare the general journal entry to record the first lease payment on December 31. (c) Record straight-line depreciation on the truck on December 31, assuming a 6-year life and no salvage value.