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Metlock Corporation recorded a right$-$of$-$use asset for $$212,800$ as a result of a finance lease on December $31,2024.$ Metlock's incremental borrowing rate is $12\%,$ and the implicit rate of the lessor was not known at the commencement of the lease. Metlock ma the first lease payment of $$41,632$ on December $31,2024.$ The lease requires $7$ annual payments. The equipment has a useful life of $7$ years with no residual value.

Prepare Metlock's December $31,2025,$ entries. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Round answers to $0$ decimal places e$.$g$.5,275.)$

$\backslash$table$[[$Date $,$ Account Titles and Explanation$],[$December $31,,$ Lease Liability$],[2025]]$

Debit

Credit

Interest Expense

$$

$($To record lease payment$)$

December $31,$