please complete the entries

Shamrock Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 5 years and requires equal rental payments of $54,994 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 $250,000, an estimated useful life of 5 years, and no estimated residual value. The appropriate interest rate is 5%. Click here to view factor tables. Prepare Shamrock's 2019 and 2020 journal entries, assuming Shamrock 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, eg,5,275.) Date Account Titles and Explanation Debit Credit (To record lease liability) (To record lease payment) (To record lease payment) (To record interest expense) (To record amortization of the right-of-use asset)