pls explain calculations

Oriole Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $33,300 at the beginning of each year. The first payment is received on January 1, 2020. Oriole had purchased the machine during 2019 for $ 150,000. Collectibility of lease payments by Oriole is probable. Oriole set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Oriole at the termination of the lease. Assume that Dexter Corporation does not know the rate implicit in the lease used by Oriole, and Dexter's incremental borrowing rate is 8%. In addition, assume that Dexter incurs initial direct costs of $ 12,000. Click here to view factor tables. (a) Your answer is correct. Compute the amount of the lease liability and right-of-use asset for Dexter. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to decimal places e.g. 5,275.) Lease liability $ 206,672 Right-of-use asset $ 218,673 Prepare all necessary journal entries for Dexter for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record the lease) (To record the first lease payment) (To record interest expense) (To record amortization of the right-of-use asset)