Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-zancelable lesse agresment to lesse a staraze building from Sheffiald Storage Company. The following information pertains to this lease agreament. 1. The agreement reguires equal rental payments of $67,099 bejinning an December 31, 2019 . 2. The fair value of the building on December 31,2019 is $491,817. 3. The building has an estimated economic life of 12 yaars, a zuarantesd residual value of $12,000, and an expected residual value of $9,000. Kimberly-Clark depraciates similar buildings on the strai hht-line mathod. 4. The lase is nonrenewable. At the termination of the lease, the building reverts to the lessor. 5. Kimberly-Clark's incremental borrowing rate is b3. par year. The lessor's implicit rate is not lonewn by Kimberly-Clark. Click here to visw factar tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Prepare the journal entries on the lessec's books to reflect the signing of the lease agresment and to racord the paymants and expenses related to this lease for the years 2019,2020 , and 2021 . Kimberly-Clark's fissal year-end is December 31 . (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places eg. 5,275