solve please

Dorotivy Leasing Company signs an agreement on January 1.2025, to lease equipment to Metlock Company. The following information relates to this agreernent. 1. The term of the non-cancelable lease is 3 years with no renewal option. The equipment has an estimuted economic life of 5 years. 2. The fair value of the asset at January 1,2025 , is $79,000. 3. The asset will revert to the lessor at the end of the lesse term, at which time the asset is expected to have a residual value of $9,000, none of which is zuaranteed. 4. The agreement requires equai annual rental payments of $24,600,41 to the lessor, beginning on January 1,2025 5. The lessee s incremental borrowing rate is 5%. The lessor's implicit rate is 4% and is unknown to the lessee. 6. Metlock uses the straight-line depreciation method for all equipment. Prepare all of the journal entries for the lessee for 2025 to record the lease agreement, the lesse payments, and all expenses related to this lease. Assume the lessee's amnual accounting period ends on December 31. (For colculotion purposes, use 5 decimol places as displayed in the foctor table provided and round onnwers to 2 decimol places, es 5,265.25. List all debit entries before credit entries. Credit account titles are outomatically indented when the amount k entered. Do not indent manually. Record journal entries in the onder presented in the probiem. If no entry is requived, select "No Entry" for the occount bitles and enter O for the amounte)