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On January $1,2024,$ Winn Heat Transfer leased office space under a three$-$year operating lease agreement. The arrangement specified three annual lease payments of $$81,000$ each, beginning December $31,2024,$ and on each December $31$ through $2026.$ The lessor, HVAC Leasing, calculates lease payments based on an annual interest rate of $8\%.$ Winn also paid a $$252,000$ advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $$333,000.$ The useful life of the building and the structural modifications were estimated to be $30$ years with no residual value.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of $2026.$ Winn$$s fiscal year is the calendar year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar.

General Journal Key

No journal entry required

Accumulated depreciation $$ leasehold improvement

Amortization expense

Building

Cash

Cost of goods sold

Deferred sales revenue

Depreciation expense

Equipment

Interest expense

Interest payable

Interest receivable

Interest revenue

Lease payable

Leasehold improvements

Maintenance expense

Notes payable

Prepaid expense

Right$-$of$-$use asset

Sales revenue

Selling expense

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