The details of the equipment lease agreement that Taj Corp. (lessee) recently entered into with Stanger Leasing (lessor) are: - Commencement date: January 1, 2019. - Term of lease: 12 months. - Payments: \$1,000 per month first due at the commencement date. - Other: Title does not transfer and the lease does not include any renewal or purchase options. - Interest rate implicit in the lease: Lessee not able to readily determine. - Incremental borrowing rate: 9% per annum ( 0.75% per month). - Estimated useful life of equipment: 8 years. - Depreciation method: Straight-line. - Year end: December 31. Assume that Taj Corp. does not elect to expense leases of a short-term nature. Prepare the journal entry for