bullding from Crane Storage Compamy. The following information pertains to this lesse aeresment. 1. The agrement requires equal rental payments of 566,199 beginning on December 31,2024 2. The fair value of the building on December 31.2024 , is $484,368 3. The buildine has an estimated econoniclife of 12 years, a guarantid residual value of $10,000, and an expected residual valie of 57.900 . Kimberty-Clark depredates simelar building on the stralght-line method. 4. The lease is nonrenewable At the termination of the lease tha building reverts to the lessor: 5. Kimberly-Oark's incremsental borrowing rate is axfper year. The lessor's implicit rate ia not known by Kimberty-Oark Click here to view factor tables: (For calculation purposes, use 5 docimal places as idsployed in the facter toble providet) (a) Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments snd eqperses relatsd to this lease for the years 2024, 2025, and 2026. Kimberly-Clarks fiscal year-end is December 31 . Wibt aff dicbit (To record interest expense) Suppose the same ficts is above, except that Kimberly-Carkincurred legal fees resulting from the owoution of the lease of liabiliny and right-of use aset be affected under this situation? Pightoriseant 5 (c) each war on the buildine directly to the lessor, Crane Storage How would this oscutory cost affect the initial measurement of Lemelisbility eTextbock and Media Ustof Accounts Artempts: 0 of 3 used (d)