please solve A and B and show how you calculated each value

Preparing Lessee Journal Entries: Short-term Lease Election Gomez inc, entered into a contract on january 1 to lease a vehicle for one year, with monthly payments of $650 due at the end of each month. The vehicle has a fair value of $30.000. The lease agreement does not contain an option for purchase or renewal. The lessor's implicit rate of return is 5%. Gomez inc. elects the short-term leasing option. Required a. Prepare the entry for the first monthly payment on january 31