please complete entries

Kingbird Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $102,700 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 9% is implicit in the lease agreement. Collectibility of the rentals is probable. Prepare Kingbird's December 31, 2019, journal entries. (Credit account titles are automatically indented when 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 decimal places eg. 5,275.) Click here to view factor tables. Date Account Titles and Explanation Debit Credit December 31, 2019 Lease Receivable Cost of Goods Sold Sales Revenue Inventory (To record the lease) Date Account Tites and Explanation Debit Credit December 31, 2019 Lease Receivable Cost of Goods Sold Sales Revenue Inventory (To record the lease) December 31, 2019 Cash Lease Receivable (To record receipt of lease payment)