could use some help thanks!

To raise operating fund5, National Distribution Center sold its office building to an insurance company on January 1,2024 , for $850.000 and immediately leased the bullding back. - The operating lease is for the final 10 years of the building's estimated 20 -year remaining useful life. The building has a fair value of $850,000 and a book value of $675,000 (its original cost was $1 million). - The rental payments of $150,000 are payable to the insurance company each December 31. - The lease has an implicit rate of 7%. Note: Use tables, Excel, or a financial calculator. (EV of S1. PV of S1. EVAbrS1. PVA of S1, EVAD of S1 and PVAD of S1) Required: 1. \& 2. Prepare the appropriate entries for National Distribution Center on January 1,2024 and December 31,2024 , to record the sale. leaseback and necessary acdustments. Note: If no entry is required for a transaction/event, select "No journat entry required" in the first account field