Larkspur Company leased equipment from Costner Company, beginning on December 31,2019 . The lease term is 4 years and requires equal rental payments of $62,619 at the beginning of each year of the lease, starting on the commencement 2019). The equipment has a fair value at the commencement date of the lease of $230,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 6%. Click here to view factor tables. Prepare Larkspur's 2019 and 2020 journal entries, assuming Larkspur 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 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.)