please help with the journal entries

Exercise 21A-10 a-d (Part Level Submission) The following facts pertain to a non-cancelable lease agreement between Crane Leasing Company and Larkspur Company, a lessee. May 1, 201 Commencement date Annual lease payment due at the beginning of $15,138.16 each year, beginning with May 1, 2017 Bargain purchase option price at end of lease term $4,000 Lease term 5 years Economic life of leased equipment 10 years Lessor's cost $50,000 Fair value of asset at May 1, 2017 $68,000 Lessor's implicit rate 8% Lessee's incremental borrowing rate 8% The collectibility of the lease payments by Crane is probable. MESSAGE MY INSTI CALCULATOR Lease Amortization Schedule Annual Lease Payment Plus Interest on Liability Reduction of Lease Liability Lease Liability Date BPO 68000 5/1/17 5/1/17 15138.16 15138.16 52861.84 41952.63 5/1/18 15138.16 4228.95 10909.21 30170.68 5/1/19 15138.16 3356.21 11781.95 5/1/20 15138.16 2413.65 12724.51 17446.17 15138.16 5/1/21 1395.69 13742.47 3703.71 296.30 4000 4/30/22 3703.70 68000 79690.80 11690.71 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2017 and 2018. Larkspur's annual accounting period ends on December 31. Reversing entries are used by Larkspur. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.15.) Account Titles and Esplanation Credit Date Debit 5/1/17 68000 Right-of-Use Asset 68000 Lease Liability (To record the lease) 15138.16 Lease Liability 15138.16 Cash (To record the first lease payment) 12/31/17 Interest Expense 2819.3 Lease Liability 2819.3 (To record interest expense) (To record interest expense) Amortization Expense Right-of-Use Asset (To record amortization of the right-of-use asset) Lease Liability 1/1/18 2819.3 Interest Expense 2819.3 5/1/18 Interest Expense 1/1/18 Lease Liability (To record interest expense) Amortization Expense A Dt-t Interest Expense 1/1/18 Lease Liability (To record interest expense) Amortization Expense Right-of-Use Asset (To record amortization of the right-of-use asset)