Wildhorse Ltd., a public company following IFRS 16, recorded a right-of-use asset and lease liability at $180,000 on May 1, 2020. The interest rate is 10%. Wildhorse made the first lease payment of $30,673 on May 1, 2020. The lease requires a total of 8 annual payments. The equipment has a useful life of 8 years with no residual value. Assume that at December 31, 2020, Wildhorse made an adjusting entry to accrue interest expense of $9,955 on the lease. Prepare Wildhorse's May 1, 2021 journal entry to record the second lease payment of $30,673. Assume that no reversing entries are made. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Debit Credit May 1 Interest Expense 8045 Lease Liability 22628 Cash 30673