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 Iease for the years 2024,2025 , and 2026. Kimberly-Clarks fiscal year-end is December 31 , Alst oll dablt required, select "Wo Entry" for the account tides ind enter ofor the arnounts. Round answers to 0 decimal ploces es. 5, 275.) Assume that on December 31, 2024, Kimberly-Ciark Corp, sigms a 10-vear, non-cancelable lease agreement to lease a storage buliding from Blossom Storage Company. The following information pertains to this lease agreement. 1. The agreement requires equal rental payments of $67,199 beginning on December 31,2024 : 2. The fair value of the buading on December 31,2024,15491,847 3. The building has an estimated economic life of 12 years, a puaranteed resifual value of $10,500, and an expected residual value of $7,400. Kimberly-Clark depreciates similar buildings on the straight-line method. 4. The lessels nonrenewable. At the termination of the lease: the buliding reverts to the linssor. 5. Kimberly-Clarks incremental borrowirks rate is 89 per year The lessor's implicit rate is not known by Kimberfy-Clark. Click here to view factor tables. (For colculation purposes, use 5 decimal places as dikploned in the foctor tabie provided.) Right or-Use Asset (To record amortization of the right-of-use asset) 12/31/25 Lease Llability Interest Expense cash (To record interest expense) 12/31/26 V Amentization Ekpense Right-of Use Asset (To record amortization of the right-of-use asset) 12/3426 Lesse Uability interent Expense cinh (To record interest expense)