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 $66,199 beginning on December 31, 2019. 2. The fair value of the building on December 31, 2019 is $484,368. 3. 4. The building has an estimated economic life of 12 years, a guaranteed residual value of $10,000, and an expected residual value of $7,900. Kimberly-Clark depreciates similar buildings on the straight-line method. The lease is nonrenewable. At 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. Dote Account Tiles and Explanation Debit Cre62 (To record the lease) (To record first lesse payment) (To record amortization of the right-of-use asset) (To record interest expense) (To record amortization of the right-of-use asset) Te record interest expence)