\begin{tabular}{|l} Date Account Titles and Ex \\ (To record lease liability) \end{tabular} Debit Credit (To record lease lability) (To record lease payment) (To record lease payment) Splish Brothers Company leased equipment from Costner Company, beginning on December 31, 2024. The lease term is 4 years and requires equal rental payments of $91.318 at the beginning of each year of the lease, starting on the commencement date (December 31,2024). The equipment has a fair value at the commencement date of the lease of $340,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 5%. Click here to view factor tables. Prepare Splish Brothers's 2024 and 2025 journal entries, assuming Splish Brothers depreciates similar equipment it owns on a straight-fine basis. (List all debit entries before credit entries. Credit account titles are autamatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. For calculation purposes, use 5 decimal places as displayed in the foctor table provided and round final answers to 0 decimal places, eg. 5,275. Record joumal entries in the order presented in the problem.) (To record amortization of the right-of-use asset)