Please do journal entries

Susan Leasing Company signs an agreement on January 1,2025, to lease equipment to Windsor Company. The following information relates to this agreement. 1. The term of the non-cancelable lease is 3 years with norenewal option. The equipment has an estimated economic life of 5 years: 2. The fair value of the asset at January 1,2025 , is $77,000. 3. The asset will revert to the lessor at the end of the lease term at which time the asset is expected to have a residual value of 59,000 , none of which is guaranteed. 4. The agreementrequires equal annual rental payments of $23,907,43 to the lessor, begininingon January 1,2025. 5. The lessee's incremental borrowingrate is 5%. The lessor's impilit rate is 4%6 ard is unknowri to the lessee: 6. Windsor uses the straight-line depreciation method for all equipment. Click here to view factor tables: Prepare all of the journalentries for the lessee for 2025 to record the lease agreement, the lease payments, and all expenses related to this lease. Assume the lessec's annual accounting period ends on December 31 . For calculation purposes use 5 decimal ploces as disployed in the factor table provided and round answers to 2 decinal ploces, es 5,265.25. List all debit entries before credit entries, Credit account tides are outomotically indented when the amount is entered. Do not indent manualiy. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry' for the account tibles and enter Ofor the amounts)