3 10 points See An Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheffield Storage Company. The following information pertains to this lease agreement 1. The agreement requires equal rental payments of $66,074 beginning on December 31, 2019. 2. The fair value of the building on December 31, 2019 is $483,462 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $10,000, and an expected residual value of $8.000 Kimberly-Clark deprecia buildings on the straight-line method 4. The lease is nonrenewable. Al the termination of the lease, the building reverts to the lessor Kimberly-Clark's incremental borrowing rate is 8% per year. The lessor's implicit rate is not known by Kimberly-Clark Required Suppose the same facts as above, except that Kimberly-Clark incurred legal fees resulting from the execution of the lease of $5,000, and received a lease incentive from Sheffield enter the lease of $1,000. How would the initial measurement of the lease liability and right of use asset be affected under this situation? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 Ma BIUS B Paragraph Arial XX 00 10pt ALI x v