Splish Brothers Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $91,318 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $340,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 5% Click here to view factor tables FREET Prepare Splish Brothers's 2019 and 2020 Journal entries, assuming Splish Brothers depreciates similar equipment it owns on a straight-line basis. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round Final answers to decimal places, e.g. 5, 275.) Debit Credit Date Account Titles and Explanation 12/31/19 9 Right-of-Use Asset 339999.74 339999.74 Study 91,318 1 Lease Liability (To record lease al Lease Liability 12/31/19 Lease Liability 1 Cash (To record lease payment) 12/31/20 8 Lease Liability interest Expense y Cash