On September 15, 2020, Oriole Camping Limited, the lessee, entered into a 20-year lease with Sullivan Corp. to rent a parcel of land at a rate of $31,320 per year. Both Oriole and Sullivan use ASPE. The annual rental is due in advance each September 15, beginning in 2020. The land has a current fair value of $202,000. The land reverts to Sullivan at the end of the lease. Oriole Camping's incremental borrowing rate and Sullivan's implicit interest rate are both 12%. Prepare Oriole Camping's required journal entries on September 15, 2020, and at December 31, 2020, its year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepare the entries required on Sullivan's books at September 15, 2020, and at December 31, 2020, its year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit