Help me correct the two incorrect answers outlined in red for this intermediate accounting $2$ question in the screenshot?Skysong Company leased equipment from Costner Company, beginning on December $31,2019.$ The lease term is $4$ years and requires

equal rental payments of $$68,064$ at the beginning of each year of the lease, starting on the commencement date $($December $31,$

$.$ The equipment has a fair value at the commencement date of the lease of $$250,000,$ an estimated useful life of $4$ years, and no

estimated residual value. The appropriate interest rate is $6\%.$

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Prepare Skysong's $2019$ and $2020$ journal entries, assuming Skysong depreciates similar equipment it owns on a straight$-$line basis.

$($Credit account titles are automatically indented when the 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$.5,275.)$

Credit

Right$-$of$-$Use Asset

Lease Liability

$($To record lease liability$)$

$1]$

$1$