Whatever in red is incorrect

On January 1, 2022, Ivanhoe Inc., a construction company, leased an excavator from Oriole Inc. The lease terms are as follows: - Annual lease payments of $26,900 at the beginning of each year for five years - At the end of the lease term the asset reverts back to the lessor and the residual value guarantee is $8,100 - The incremental borrowing rate is 7% and the implicit rate in the lease is 6% (known by the lessee) - Ivanhoe Inc. has a December 31 year end Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. Prepare the journal entries for 2022 for Ivanhoe Inc. Assume Ivanhoe Inc. follows IFRS. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275. Round factor values to 5 decimal places, e.g. 1.25124. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)