Windom Co. as lessee records a finance lease of machinery on January 1,2019 . The seven annual lease payments of $350,000 are made at the end each year. The present value of the lease payments at 10% is $1,704,000. Windom uses the effective-interest method of amortization and straight-line depreciation (no residual value). Using the above data, on your scratch paper, prepare the one journal entry needed on January 1,2019 and the two journal entries needed on December 31 , 2019. Use the journal entries on your scratch paper to answer the following questions: In the January 1, 2019 entry what is the amount of the Right-of-Use Asset and is it debited or credited in the journal entry? In the December 31, 2019 entries what is the amount of the Right-ofUse Asset and is it debited or credited in the journal entry? In the December 31, 2019 entries what is the amount of the Interest Expense and is it debited or credited in the journal entry? In the December 31, 2019 entries what is the amount of the Cash and is it debited or credited in the journal entry