What is the adjusting journal entry that needs to be made to the trial balance?

The company leased the store with an initial term of 10 years and a five-year extension term. Under the current lease contract, it pays a fixed annual rent of $60,000 and additional rent based on a percentage of sales over the designated level; when sales are over one million dollars, the company pays 5% of the excess sales as additional rent. Additional rent is paid three months after the fiscal year-end of the base year.

Unadjusted trial balance amounts:

Sales Revenue: CR. $2,919,800.00

Rent expense: DR. $60,000.00

Accrued Rent liabilities: $0