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5. On January 1, 2020, Stevana Company leased a building under a three-year operating lease. The annual rental payments are $68,000 on January 1, 2020,

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5. On January 1, 2020, Stevana Company leased a building under a three-year operating lease. The annual rental payments are $68,000 on January 1, 2020, the inception of the lease, and $50,000 January 1 of 2021 and 2022. Stevana made structural modifications to the building costing $90,000 before occupying the building. The useful life of the building and the modifications is 30 years with no expected residual value. Required: Prepare the appropriate journal entries for Stevana Company for 2020. Stevana's fiscal year is the calendar year, and the company uses straight-line depreciation. (Hint 8 total Debits and Credits) (8 x 1 = 8) nen (1.) Sedan 000 5 500 de (doh SRO P onorogo

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