please show the calculations especially the wrong ones.

On January 1, 2020, Bonita Ltd. entered into an agreement to lease a truck from Swifty Ltd. Both Bonita and Swifty use IFRS 16. The details of the agreement are as follows: $22.282 Carrying value of truck for Swifty Ltd. $22.282 Fair value of truck 5 years Economic life of truck 3 years Lease term $675 Rental payments (at beginning of each month) $22 Executory costs included in rental payments each month for insurance 1296 Incremental borrowing rate for Bonita Ltd. Bonita Ltd. expects to pay Swifty Ltd. 53.470 under a residual value guarantee for the truck Additional information: 1. There are no abnormal risks associated with the collection of lease payments from Bonita. 2. There are no additional unreimbursable costs to be incurred by Swifty in connection with the leased truck. 3. At the end of the lease term, Swifty sold the truck to a third party for $3.130, which was the truck's fair value at December 31, 2022. Bonita paid Swifty the difference between the guaranteed residual value of $3,470 and the proceeds obtained on the resale. 4. Bonita knows the interest rate that is implicit in the lease. 5. Bonita knows the amount of executory costs included in the minimum lease payments. 6. Bonita uses straight-line depreciation for its trucks with the residual value guarantee of $3,470 for the leased truck B Your answer is partially correct. Prepare the journal entries that Swifty would make on January 1, 2020, and the adjusting journal entries at December 31, 2020, to record the annual interest income from the lease arrangement, assuming that Swifty has a December 31 fiscal 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 minore a 52751 Your answer is partially correct. Prepare the journal entries that Swifty would make on January 1, 2020, and the adjusting journal entries at December 31, 2020, to record the annual interest income from the lease arrangement, assuming that Swifty has a December 31 fiscal 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. Round answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1. 2020 Cash 675 Lease Receivable 21607 22282 Equipment Acquired for Lessee Unearned Interest Income Insurance Expense DEN LIHATTEN Dec. 31, 2020 Interest Expense 2132 2132 Interest Income (To record interest.) 166 Dec. 31, 2020 Interest Receivable Interest Income (To record accrued interest.) On January 1, 2020, Bonita Ltd. entered into an agreement to lease a truck from Swifty Ltd. Both Bonita and Swifty use IFRS 16. The details of the agreement are as follows: $22.282 Carrying value of truck for Swifty Ltd. $22.282 Fair value of truck 5 years Economic life of truck 3 years Lease term $675 Rental payments (at beginning of each month) $22 Executory costs included in rental payments each month for insurance 1296 Incremental borrowing rate for Bonita Ltd. Bonita Ltd. expects to pay Swifty Ltd. 53.470 under a residual value guarantee for the truck Additional information: 1. There are no abnormal risks associated with the collection of lease payments from Bonita. 2. There are no additional unreimbursable costs to be incurred by Swifty in connection with the leased truck. 3. At the end of the lease term, Swifty sold the truck to a third party for $3.130, which was the truck's fair value at December 31, 2022. Bonita paid Swifty the difference between the guaranteed residual value of $3,470 and the proceeds obtained on the resale. 4. Bonita knows the interest rate that is implicit in the lease. 5. Bonita knows the amount of executory costs included in the minimum lease payments. 6. Bonita uses straight-line depreciation for its trucks with the residual value guarantee of $3,470 for the leased truck B Your answer is partially correct. Prepare the journal entries that Swifty would make on January 1, 2020, and the adjusting journal entries at December 31, 2020, to record the annual interest income from the lease arrangement, assuming that Swifty has a December 31 fiscal 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 minore a 52751 Your answer is partially correct. Prepare the journal entries that Swifty would make on January 1, 2020, and the adjusting journal entries at December 31, 2020, to record the annual interest income from the lease arrangement, assuming that Swifty has a December 31 fiscal 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. Round answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1. 2020 Cash 675 Lease Receivable 21607 22282 Equipment Acquired for Lessee Unearned Interest Income Insurance Expense DEN LIHATTEN Dec. 31, 2020 Interest Expense 2132 2132 Interest Income (To record interest.) 166 Dec. 31, 2020 Interest Receivable Interest Income (To record accrued interest.)