please help asap

Tartufo Corp. entered into a 7-year lease agreement with Gelato Inc. to lease equipment beginning on January 1, 20X5. The IBR is 9% while the rate implicit in the lease is 8% Tartufo Corp. is aware of the rate implicit in the lease Annual payments of $58,000 at the beginning of the year are required. The lease stipulates a $13,000 residual value guarantee but Tartufo Corp. expects a $12,000 payout will be required. Tartufo Corp. will return the equipment to Gelato Inc, at the end of the lease term (PV of $1. PVA of $1. and PVAD. Of S1) (Use appropriate factor(s) from the tables provided.) Required: Provide journal entries pertaining to this lease for Tartufo Corp. for the 20x5 year. Tartufo Corp. uses straightline depreciation for similar assets, with a half-year of deprecation recorded in the year of acquisition (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet search O EN 13 ved Help Save & Wirure unor OE OUTIL View transaction list Journal entry worksheet Record the interest expense as at the year end 31st December, 20x5. Note: Enter debits before credits Debit Credit Date General Journal Dec 31, 20X5 interest expense Lease liability Record entry Clear entry View general journal earch i Help Save & E wie Ou TIL View transaction list Journal entry worksheet Record the depreciation expense as at the year end 31st December, 20x5. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31, 20x5 Depreciation expense Accumulated depreciation Record entry Clear entry View general journal rch ON BY