On January 1, 2008, Acme Animation sold a truck to Coyote Finance for $35,000 and immedi- ately leased it back. The truck was carried on Acme's books at $28,000. The term of the lease is 5 years, and title transfers to Acme at lease-end. The lease requires five equal rental payments of $9,233 at the end of each year. The appropriate rate of interest is 10%, and the truck has a useful life of 5 years with no sal- vage value. Prepare Acme's 2008 journal entries.