Python Company leased equipment from Hope Leasing on January 1, 2021. Hope recently purchased the equipment at a cost of $347,655. 5 years Other information: Lease term Annual payments Life of asset Fair value of asset Implicit interest rate Incremental rate $82,000 on January 1 each year 5 years $347, 655 9% 9% There is no expected residual value. Required: Prepare appropriate journal entries for Python for 2021. Assume straight-line depreciation and a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) View transaction list X: > 1 Record the entry to lease the equipment from Hope Leasing on January 01, 2021. 2 Record the cash paid for annual payment. 3 Record the entry for interest expense. 4 Record the entry for amortization expense. Credit