Please assist with the following. Thank you.

Skysong Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $103,700 to manufacture. The lease agreement covers the 5-year useful life of the drone and requires 5 equal annual rentals of $41,400 payable each December 31, beginning December 31, 2019. An interest rate of 10% is implicit in the lease agreement. Collectibility of the rentals is probable.

Prepare Skysongs December 31, 2019, journal entries