Splish Brothers Corporation recorded a right-of-use asset for $394,200 as a result of a finance lease on December 31, 2024. Splish Brothers's incremental borrowing rate is 12%, and the implicit rate of the lessor was not known at the commencement of the lease. Splish Brothers made the first lease payment of $66,056 on December 31,2024 . The lease requires 9 annual payments. The equipment has a useful life of 9 years with no residual value. Prepare Splish Brothers's December 31, 2025, entries. (List all debit 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 0 for the amounts. Round answers to 0 decimal places e.g. 5,275.)