Marin Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $106,180 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $390,000, 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 Marin's 2019 and 2020 journal entries, assuming Marin 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 O decimal places, e.g. 5,275. Date 12/31/19 Account Titles and Explanation Right-of-Use Asset Lease Liability (To record lease liability) 12/31/19 Lease Liability Cash (To record lease payment) 12/31/20 Lease Liability Interest Expense Cash Debit 390000 106180 89150.80 17029.20 Credit 390000 106180 106180