Question 1 of 6 Current Attempt in Progress -/15 E Windsor enters into an agreement with Travelerinc to lease a car on December 31, 2019. The following information relates to this agreement. 1: 2. 3. The teren of the non-cancelable lease is 3 years with no renewal or borgoin purchase option. The remaining economic life of the car is 3 years, and it is expected to have no residual value at the end of the lease term The fair value of the car was $12.300 at commencement of the lease Annual payments are required to be made on December 31 at the end of each year of the lease beginning December 31 2020. The first payment is to be of an amount of $4,55320, with each payment increasing by a constant rate of 5% from the previous payment lie. the second payment will be $4780 86 and the third and final payment will be $5.019.90 Windsor'incremental borrowing rate is 8%. The rate implicit in the lease is unknown Windsor uses straight line depreciation for all similar cars, 4. 5. (a) Prepare Windsor journal entries for 2019,2020, and 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. For calculation purposes se 5 decimal places as displayed in the factor table provided and round final answers to 2 decimal places es 5.275.25. Record journal entries in the order presented in the