Sandhill Ltd., a public company following IFRS 16 , recorded a right of-use asset and lease liability at $153,300 on May 1,2020. The interest rate is 10%. Sandhill made the first lease payment of $28.626 on May 1.2020. The lease requires a total of 7 annual poyments. The equipment has a useful life of 7 years with no residual value Prepare Sandhill's December 31,2020 adjusting entries. (Credit account titles are outomatically indented when the amount is enterval, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round anvwers to 0 decimol places, es. 5,275.)