i need help with journal entries

Assume that on December 31, 2019, Teal Mountain Aerospace signs a 8-year, non-cancelable lease agreement to lease a hanger from Aero Field Management Company. The following information pertains to this lease agreement: 1. 2 3. The agreement requires equal rental payments of $164,588 beginning on December 31, 2019. The fair value of the building on December 31, 2019 is $1,114,500 The building has an estimated economic life of 10 years, a guaranteed residual value of $49,600, and an expected residual value of $34,900. Teal Mountain depreciates similar buildings on the straight-line method The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor Teal Mountain's incremental borrowing rate is 6% per year. The lessor's implicit rate is not known by Teal Mountain 4. 5. Return to the original facts in the problem. Now suppose that, at the end of the lease term, Teal Mountain took good care of the asset and Aero Field agrees that the fair value of the asset is actually $60,000. Record the entry for Teal Mountain at the end of the lease to return control of the hanger to Aero Field (assuming the accrual of interest on the lease liability has already been made). (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit