Assume that on December 31, 2024, Carla Vista Aerospace signs a 8-year, non-cancelable lease agreement to lease a hanger from Aero Field Management Company. The following information pertains to this lease agreement: 1. The agreement requires equal rental payments of $162,759 beginning on December 31,2024 . 2. The fair value of the building on December 31,2024 is $1,102,461. 3. The building has an estimated economic life of 10 years, a guaranteed residual value of $49,600, and an expected residual value of $34,300. Carla Vista 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. Carla Vista's incremental borrowing rate is 6% per year. The lessor's implicit rate is not known by Carla Vista. Click here to view factor tables. (For calculation purposes, use 5 drcimal places as displayed in the factor table provided.) (a) 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 2024, 2025, and 2026. Carla Vista's fiscal year-end is December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal ploces eg. 5,275.) Prepare the jouma entries on the lessees books 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. Carla Vista's fiscal year-end is December 31 . Uirt oll debit entries