Prepare Kingbird's 2016 and 2017 journal entries, assuming Kingbird depreciates similar equipment it owns on indented when the amount is entered. Do not indent manually. For calculation purposes, use 5 decir final answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 12/31/16 (To record lease liability) 12/31/16 (To record lease payment) 12/31/17 (To record interest expense) 12/31/17 (To record amortization of the right-of-use asset) Prepare Kingbird's 2016 and 2017 journal entries, assuming Kingbird depreciates similar equipment it owns on indented when the amount is entered. Do not indent manually. For calculation purposes, use 5 decir final answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 12/31/16 (To record lease liability) 12/31/16 (To record lease payment) 12/31/17 (To record interest expense) 12/31/17 (To record amortization of the right-of-use asset)