Question 2 of 4 0.98/5 (To record amortization of the right-of-use asset) Cash (To record interest expense) Amortization Expense (To record amortization of the right-of-use asset) Lease Lability Assume that on December 31, 2024, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage boilding from Caria Vista Storage Company. The following information pertains to this lease agreernent. 1. The agreement requires equal rental payments of $66,899 beginning on December 31,2024 . 2. The fair value of the building on December 31,2024 , is $488,978. 3. The buildinghas an estimated economic life of 12 years, a guaranteed residual value of $9,000, and an expected residual value of $6,200. Kimberly.Clark depreciates similar buildings on the straight-line method. 4. The fease is nonrenewable At the termination of the lease, the bulling reverts to the lessor: 5. Kimberly-Clark's Incremental borrowing rate is 8% per year. The lessor'simplicit rate is not known by Rcimbecly. Clark Ick tiere to view factor tables (For calculation purposes, use 5 decimal places as displayed in the factor toble provided.) entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually, if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places es. 5,275j) (To record the lease) Question 2 of 4 0.98/5 (To record amortization of the right-of-use asset) Interest Expense (To record interest expense) eTextbook and Media List of Accounts Attempts: 1 of 5 used