Assume that on December 31, 2024, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheridan Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $66,699 beginning on December 31, 2024. 2. The fair value of the building on December 31,2024 , is $487,529. 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $9,000, and an expected residual value of $6,400. 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. Kimberly-Clark's incremental borrowing rate is 8% per year. The lessor's implicit rate is not known by Kimberly-Clark. Assume that on December 31, 2024, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheridan Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $66,699 beginning on December 31, 2024. 2. The fair value of the building on December 31,2024 , is $487,529. 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $9,000, and an expected residual value of $6,400. 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. Kimberly-Clark's incremental borrowing rate is 8% per year. The lessor's implicit rate is not known by Kimberly-Clark. Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and ixpenses related to this lease for the years 2024, 2025, and 2026. Kimberly-Clark's fiscal vear-end is December 31. (List all debit nitries before credit entries, Credit occount tities are automatically indented when amount is entered Do not indent manually. If no entry is equired, sel Dat