Bonita Corporation enters into a 6-year lease of equipment on December 31,2019, which requires 6 annual payments of $41,000 each, beginning December 31, 2019. In addition, Bonita guarantees the lessor a residual value of $21,300 at the end of the lease. However, Bonita believes it is probable that the expected residual value at the end of the lease term will be $10,650. The equipment has a useful life of 6 years. Prepare Bonitas' December 31, 2019, journal entries assuming the implicit rate of the lease is 11% and this is known to Bonita. (Credit account titles are automatically indented when amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places e.g. 5,275 .) Click here to view factor tables