Problem 12. Lessor leases asset to Lessee on 1/1/2020. Lease term is 1 year. Lease payment is $10.000/month with each payment due at the end of the month. Lessee elects the shortcut method for short-term leases. Required 1. Prepare Lessor and Lessee entries to record the 1/31/2020 lease payment. Lessee entry: Account Debit Credit 1 1 Lessor entry: Account Debit Credit 2 2 Column1 Accumulate depreciation (Bal. Sht) Cash (Bal. Sit) Deferred reht revenue (Bal. Sht) Equipment Bal. Sht) Lease payable (Bal. Sht) Lease receivable (Bal. Sht) Note payabile (Bal. Sht) Prepaid sen ice contract (Bal. Sht) Right-of-Use asset (Bal. Sht) Warehouse Bal. Sht) Amortization expense Inc. Stmt) Cost of goods sold (Inc. Stmt) Gain on sale of warehouse (Inc. Stmt) Interest expense (Inc. Stmt) Interest revenue (Inc. Stmt) Lease experse (Inc. Stmt) Lease revenue (Inc. Stmt) Misc. expenses (Inc. Stmt) Rent revenue (Inc. Stmt) Sales revenile (Inc. Stmt)