Southern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Other information: Lease term Annual payments Life of asset Implicit interest rate PV, annuity due, 4 periods, 8% PV, ordinary annuity, 4 periods, 8% 4 years $47,000 on January 1 each year 4 years 8% 3.5771 3.3121 There is no expected residual value. Required: Prepare appropriate journal entries for Southern Edison for 2021 and 2022. Assume straight-line amortization 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 intermediate and final answers to the nearest whole dollar.) Journal entry worksheet 1 2 3 4 5 6 7 > Record the lease. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal Journal entry worksheet Record the interest expense. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 Record the lease payment. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Journal entry worksheet Record lease payment. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2022 Record entry Clear entry View general journal Journal entry worksheet A Record the amortization expense. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2022 Record entry Clear entry View general journal