please solve!

Assume that IBM leased equipment that was carried at a cost of $113,000 to Oriole Company. The term of the lease b 5 years beginning December 31,2024, with equal rental parments of $30,500 beginning December 31,2024 . The fair value of the equipment at commencement of the lease is $131.520. The equipenent has a usetul life of 5 years withro salvage value. The lease has an implicit interest rate of 8\%, no bargain purchase option, and no transfer of title. Collectibility of leane payments for iBM is probuble. Prepare iBM's December 31, 2024, fournal entries at commencenent of the lease, (Wht ail debit entries before credit entries. Credit occount tities are outomotically indented when amount is entered. Do not indent manually. If no entry is reguired, sefect "No Entry" for the account tities and enter 0 for the amounts. For calculotion purposes, use 5 decimal ploces as disployed in the foctor tobie provided and round final answers to 0 decimal ploces es. 5,275 J (To recoed the lease) December 31 , 2024 (To record receipt of lease payment)