Chunky Cheese Pizza has $60 million in bonds payable. The bond agreement states that the debt to equity ratio cannot exceed 3.02. Chunkys total assets are $200 million, and its liabilities other than the bonds payable are $90 million. The company is considering some additional financing through leasing.

3. The company enters a lease agreement requiring lease payments with a present value of $5.0 million. Record the lease. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5) rounded to 1 decimal place.)