Assume that on December 31, 2024, Kimberly-Clark Corp.signs a 10-year, non-cancelable lease agreement to lease a storage building from Pharoah Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $66,599 beginning on December 31,2024. 2. The fair value of the building on December 31,2024 , is $487,267. 3. The building has an estimated economic life of 12 years, a guaranteed residual value of $10,000, and an expected residual value of $7,500. 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 expenses related to this lease for the years2024, 2025, and 2026. Kimberly Clark's fiscal year-end is December 31 . (Ust all deblt entries before credit entries. Credit occount vities are outomatically indented when amount is entered, Do not indent manually If no entry is requlred, select "No Entry" for the account titles and enter Ofor the amounts Round answers to Odeclmal ploces eg 5,275.) (10 cecord finst kese payment) (To record amortization of the right-of-use asset) (To record interest expence) (To record amortization of the riaht- of use assat) (To record interest expense)