Hornstein Finance Co. (lessor) leased an asset on January 1, 2019, to HPQ Fishing (lessee). The lease agreement calls for eight annual lease payments of $60,000 beginning on the commencement date. The interest rate implicit in the lease is 7\%; however, HPQ cannot readily determine this. HPQ's incremental borrowing rate is 6%. The asset has an estimated value of $30,000 at the end of the lease; however, this is not guaranteed. HPQ must return the asset to the lessor at the end of the lease. The leased equipment has an estimated useful life of 10 years and no residual value at that time. HPQ paid its lawyers $4,000 to review the lease agreement. HPQ uses the straight-line method to depreciate similar equipment that it owns and has a December 31 year end. Prepare HPQ Fishing's journal entries for December 31, 2019. Enter a debit as positive, a credit as negative. For any accounts that are not applicable, enter a 0