Frontier Inc. enters into an 8-year lease contract to lease equipment with a useful life of 8 years. Annual lease payments are due with the first payment made immediately on January 1, 2020, the commencement of the lease. No residual value is expected or guaranteed of the underlying equipment. Lease payments consist of (a) fixed lease payment of $13,200, (b) insurance on the equipment of $400, and (c) maintenance on the equipment of $480. Frontier Inc. also paid legal fees of $340 related to the execution of the lease on January 1, 2020. Record Frontier's journal entries at the commencement of the finance lease assuming an implicit interest rate of 6%, known by Frontier. Note: Round your final answers to the nearest whole dollar. Note: List multiple debits or credits (when applicable) in alphabetical order. Dr. Cr. 0 o oo 340 0 Date Account Name Jan. 1, 2020 Right-of-Use Asset Cash Lease Liability To record asset and liability Jan. 1, 2020 Lease Liability Cash To record cash lease payment Jan. 1, 2020 Prepaid Maintenance Expense Cash 0 0 0 0 480 0 0 480