how do I do this and can you show your work?

Assume that on December 31, 2019. Kimberly-Clark Corp.signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheffield Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $68,299 beginning on December 31, 2019. 2 The fair value of the building on December 31, 2019 is $500.513. 3 The building has an estimated economic life of 12 years, a guaranteed residual value of $12.000, and an expected residual value of $7,800. Kimberly-Clark depreciates similar buildings on the straight-line method. 4 The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor. 5. Kimberly-Clark's incremental borrowing rate is 8% per year. The lessor's implicit rate is not known by Kimberly-Clark. 12/31/19 Right-of-Use Asset 496901 Lease Liability (To record the lease) 12/31/19 Lease Liability 68299 Cash (To record first lease payment) 12/31/20 Amortization Expense 49690 Right-of-Use Asset (To record amortization of the right-of-use asset) 12/31/20 Lease Liability 34288 Interest Expense 34011 Cash (To record interest expense) 12/31/21 Amortization Expense 49690 Right-of-Use Asset (To record amortization of the right-of-use asset) 12/31/21 Lease Liability 28824 Interest Expense 90479 Cash