i got all answers correct but I only need an answer for the day 12/31/20

1 Laura Leasing Company signs an agreement on January 1, 2020 to lease equipment to Plote Company. The following information relates to this agreement The term of the non-cancelable lease is 3 years with no renewal option. The equipment has an estimated economic life of 5 years. 2 The fair value of the asset at January 1, 2020. is $80,000 3 The asset will revert to the fessor at the end of the lease term, at which time the asset is expected to have a residual value of $10,000 none of which is guaranteed. The agreement requires equal annual rental payments of $24638.87to the lessor, beginning on January 1, 2020, 5 The lessee's incremental borrowing rate is 5%. The lessor's implicitrate is 4% and is unknown to the lessee Plote uses the straight-line depreciation method for all equipment 4 6 Prepare all of the journal entries for the lessee for 2020 to record the lease agreement, the lease payments, and all expenses related to this lease. Assume the lessee's annual accounting period ends on December 31. (For calculation purposes, use S decimal places as displayed in the factor table provided and round answers to 2 decimal places, es 5.265.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit 1/8/20 Right-of-Use Asset 2045264 Leasellability 7045264 (To record the lease) Credit 11/20 Lease Lay 24.LT Cash (To record lease liability) 2290.69 12/31/20 Right use Asset 20. carity Interest Day