What is the journal entry for Donut Panic, assuming the company elects to expense the lease as a practical expedient on January 1, 2034 (initial measurement)?

a. Debit Equipment Lease Expense $12,000, Credit Lease Liability $12,000
b. Debit Lease Liability $12,000, Credit Cash $12,000
c. Debit Equipment Lease Expense $1,000, Credit Lease Liability $1,000
d. Debit Lease Liability $1,000, Credit Cash $1,000