Please explain how you got the numbers for the journal entries too please.

On January 1, 2016, Jetblue Airways Corpration, a passenger airline based on New York, NY, sold an Airbus A320 aircraft to AerCap Holdings N.V., an aircraft and engine leasing company based in the Netherlands, at its fair value of $45 million and immediately signed an agreement to lease it back. The aircraft was originally acquired by Jetblue for $70 million. As of December 31, 2015, the accumulated depreciation on the aircraft was $35 million on Jetblue's balance sheet. The lease term is 7 years, while the aircraft has a remaining useful life of 10 years, with 0 scrap value after 10 years. The aircraft will revert back to AerCap when the lease ends. AerCap uses an implicit interest rate of 10% in structuring the lease, which is equal to the incremental borrowing rate for Jetblue. Annual lease payments of $6.5 million are due on January 1 each year, beginning on January 1, 2016. Both Jetblue and AerCap use the straight-line depreciation method. There is no uncertainty with collectability of the lease payments. Neither is there any additional cost to AerCap after the lease begins.

2. What are the journal entries for Jetblue for 2016.