American Food Services leased a packing machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January $1,2024.$ The lease agreement for the $$4$ million $($fair value and present value of the lease payments$)$ machine specified four equal payments at the end of each year. The useful life of the machine was expected to have no residual value. Barton and Barton's implicit interest rate was $10\%.$

Required:

a$.$ Prepare the journal entry for American Food Services at the beginning of the lease on January $1,2024.$

b$.$ Prepare an amortization schedule for the four$-$year term of the lease.