Tamarisk Company leased equipment from Costner Company, beginning on December 31, 2024. The lease term is 5 years and requires equal rental payments of $81,166 at the beginning of each year of the lease, starting on the commencement date (December 31 , 2024). The equipment has a fair value at the commencement date of the lease of $350,000, an estimated useful life of 5 years, and no estimated residual value. The appropriate interest rate is 8%. Click here to view factor tables. Prepare Tamarisk's 2024 and 2025 journal entries, assuming Tamarisk depreciates similar equipment it owns on a straight--ine basis. (List all debit entries before credit entries. Credit occount titles are automatically indented when the 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. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to O decimal places, es. 5.275. Record journal entries in the onder presented in the problem. 12/31/24 Depreciation Expense Accumulated Depreciation-Buildings Lease Lability (To record lease payment) 12/31/25 Cach (To record amortization of the right-of-use asset)