Sunland Company specializes in leasing large storage units to other businesses. Sunland entered a contract to lease a storage unit to Riskey, Inc. for 4 years when that particular storage unit had a remaining useful life of 5 years. The fair value of the unit was $13,000 at the commencement of the lease on January 1, 2020. The present value of the five equal rental payments of $3,217 at the start of each year, plus the present value of a guaranteed residual value of $1,000, equals the fair value of $13,000, Sunland's implicit rate o return on the lease of 4%. The following is a correct, complete amortization schedule created by Sunland. Interest (4%) on Outstanding Lease Reduction of Lease Balance of Date Lease Payment Receivable Receivable Lease Receivable 1/1/20 $13,000 1/1/20 $3,217 $3,217 9,783 1/1/21 3,217 $391 2,826 6,957 1/1/22 3,217 278 2,939 4,018 1/1/23 3,217 161 3,056 962 12/31/23 1,000 38 962 0 $13,868 $868 $13,000 Given the above schedule, make the appropriate entries at December 31, 2023, to record the accrual of interest and the return of t storage unit to Sunland (assuming the unit is returned on December 31, 2023, at the expected and guaranteed residual value of $1,000). (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation (To record accrual of interest) (To record residual value of asset) Debit Credit