I need help with the calculations for the first entry.

Rick Kleckner Corporation recorded a right-of-use asset for $300,000 as a result of a finance lease on December 31, 2019. Kleckner's incremental borrowing rate is 8%, and the implicit rate of the lessor was not known at the commencement of the lease. Kleckner made the first lease payment of $48,337 on on December 31, 2019. The lease requires 8 annual payments. The equipment has a useful life of 8 years with no residual value. Prepare Kleckner's December 31, 2020, entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 5,275.) Account Titles and Explanation Debit Credit December 31, 2020 Winter Interest Expense 20113 TLease Liability 20113 TCash 20113 (To record interest expense) December 31, 2020 TAmortization Expense 37500 37500 T Right-of-Use Asset (To record amortization of the right-of-use asset)