Crane Corporation owned a manufacturing facility. Crane had purchased the building for $9,600,000, and had recorded $3,840,000 depreciation on the facility. On January 1,2023 , Crane sold the building to Cullumber Ltd. for $6,792,000, and then immediately signed a 35 -year agreement to lease back the building for annual payments of $539,607, due at the start of each year. Title to the building would return to Cran at the conclusion of the lease. Cullumber's implied interest rate, which was known to Crane, was 8%. Prepare the journal entries to be recorded by Crane for the 2023 fiscal year and January 1,2024 payment (assuming a December 31 year-end, and that Crane follows ASPE). (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 5,275. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Accumulated Depreciation-Buildings Building5 Deferred Profit on Sale-Leaseback (To record sale of building) Buildings under Lease Obligations under Lease (To record inception of lease) (To record lease payment) Accumulated Depreciation - Buildings (To record depreciation expense) Dec 31,2023 Deferred Proft on Sale-Leaseback (To record amortization of deferred gross profit) (To record amortization of deferred gross profit) (To record interest) Insurance Expense Obligations under Lease (To record lease payment)