Current Attempt in Progress

On January $1,2025,$ Kingbird Co$.$ leased a building to Blossom Inc. The relevant information related to the lease is as follows.

The lease arrangement is for $10$ years. The building is expected to have a residual value at the end of the lease of $$3,800,000$

$($unguaranteed$).$

The leased building has a cost of $$4,300,000$ and was purchased for cash on January $1,2025.$

The building is depreciated on a straight$-$line basis. Its estimated economic life is $50$ years with no salvage value.

Lease payments are $$275,000$ per year and are made at the beginning of the year.

Blossom has an incremental borrowing rate of $5\%,$ and the rate implicit in the lease is unknown to Blossom.

Both the lessor and the lessee are on a calendar$-$year basis.

What I need help with is $.......$prepare journal entries that blossom should make in $2025.$

Right$-$of$-$use asset.

Lease liability.

$($To record the lease$).$

Lease liability.

Cash.

$($To record Lease payment$).$ Lease expense.

Lease liability.

Right$-$of$-$use asset amounts