Shamrock Corporation recorded a right-of-use asset for $187,600 as a result of a finance lease on December 31, 2019. Shamrocks incremental borrowing rate is 12%, and the implicit rate of the lessor was not known at the commencement of the lease. Shamrock made the first lease payment of $36,702 on on December 31, 2019. The lease requires 7 annual payments. The equipment has a useful life of 7 years with no residual value. Prepare Shamrock's December 31, 2020, entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020	enter an account title to record interest expense	enter a debit amount	enter a credit amount
	enter an account title to record interest expense	enter a debit amount	enter a credit amount
	enter an account title to record interest expense	enter a debit amount	enter a credit amount
	(To record interest expense)
December 31, 2020	enter an account title to record amortization of the right-of-use asset	enter a debit amount	enter a credit amount
	enter an account title to record amortization of the right-of-use asset	enter a debit amount	enter a credit amount
	(To record amortization of the right-of-use asset)