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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 568,399 beginning on December 31, 2019. 2. The fair value of the building on December 31,2019 is $499.848. 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $9,000, and an expected residual value of $4,700. Kimberly. Clark depreciates simitar buildings on the straight-line method. 4. The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor, 5. Kimberly Clark's incremental borrowing rate is B\% per year. The lessot's implicit rate is not known by Kimberly. Clark. Click here to view factor tables. (For calculotion purposes, use 5 decimal ploces as displayed in the foctor toble provided.) Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2019.2020, and 2021. Kimberly-Clark's fiscal year-end is December 31. (Credit account titles are outomatically indented when omount is entered. Do not indent manually. Round answers to 0 decimal places eg. 5,275 J 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 to 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? Suppose the same facts as above, except that Kimberly. Clarkincurred legal fees resulting from the execution of the lease of $5.000, and received a lease incentive from Shelfield to 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? Right-of-useasset $ eTextbook and Media List of Accounts Suppose that in addition to the $68,399 annual rental payments, Kimberly. Clark is also required to pay $5,000 for insurance costs each year on the building directly to the lessor, Sheffeld Storage. How would this executory cost affect the initial measurement of the lease liability and right-of-use asset? (Round onswer to 0 decimal ploces, es. 5.275.) Lease liability $ eTextbook and Media List of Accounts Now suppose that, at the end of the lease term. Kimberly. Clark tookgood care of the asset and Sheffeld agrees that the fair value of the asset is actually $9,000. Record the entry for Kimberly. Clark at the end of the lease to return control of the storage building to Sheffeld (assuming the accrual of interest on the lease liability has already been made). (Credit occount titles are automatically indented when the amount is entered. Do not indent manually)