Question 2 (a) Coleman plc has leased a dressing room for its newly formed soccer club from Billy the Builder under the following terms: The lease commenced on 1 January 2023 for a period of 5 years. Payment of 20,000 will be paid per annum in arrears. Depreciation will be on a straight-line basis commencing on the date of acquisition. The rate of interest implicit in the lease is 6%. Coleman plc prepares accounts to 31 December each year. The Senior Kit Manager has been advised that the dressing room has an effective useful economic life of twelve years after which time its value will be negligible. Required Prepare a schedule that shows the computation of the interest expense for the years ending 31 December 2023 and 2024. Provide the journal entries for Coleman plc for the first two years of the lease. Show how Coleman plc would account for the above lease in accordance with IFRS 16, Leases in the Statement of profit or loss and other comprehensive income and the Statement of financial position for the years ending 31 December 2023 and 2024.