Assume that on December $31,2024,$ Kimberly$-$Clark Corp. signs a $10-$year, non$-$cancelable lease agreement to lease a storage building from Sunland Storage Company. The following information pertains to this lease agreement. $1.$ The agreement requires equal rental payments of $$67,899$ beginning on Decembe$31,2024.2.$ The fair value of the building on December $31,2024,$ is $$497,614.3.$ The building has an estimated economic life of $12$ years, a guarenteed residual value of $$12,000,$ and an expected residual value of $$8,200.$ Kimberly$-$Clark depreciates similar buildings on the straight$-$line method. $4.$ The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor. $5.$ Kinberly $-$Clark's incremental borrowing rate is $8\%$ per year. The lessor's implicit rate is not known by Kimberly$-$Clark. Use the factor tables. Prepare the journal entries on the lessee's book to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years $2024,2025,$ and $2026.$ Kimberly$-$Clark's fiscal year$-$end is December $31.$