Marin enters into an agreement with Traveler Inc, to lease a car on December 31,2019 . The following information relates to this agreement 1. The term of the non-cancelable lease is 3 years with no renewal or bargain purchase option. The remaining economic life of the car is 3 years, and it is expected to have no residual value at the end of the lease term. 2. The fair value of the car was $15,540.00 at commencement of the lease. 3. Annual payments are required to be made on December 31 at the end of each year of the lease, beginning December 31 , 2020 . The first payment is to be of an amount of $5,752.82, with each payment increasing by a constant rate of 5% from the previous payment (i.e. the second payment will be $6,040.46 and the third and final payment will be $6,342.48 ). 4. Marin' incremental borrowing rate is 8%. The rate implicit in the lease is unknown. 5. Marin uses straight-line depreciation for all similar cars. (a) Prepare Marin j journal entries for 2019. 2020, and 2021. (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 2 decimal places, es. 5,275.25. Record journal entries in the order presented in the problem.) Click here to view factor tables