Eddington Corporation (lessor) leased a building to Flannery Company (lessee) on 1/1/21 on a six-year noncancellable lease. The building has an estimated fair value of $1,285,000 and cost Eddington $900,000. It has a remaining useful life of twelve years, and an estimated $450,000 residual value at the end of the lease, which Flannery has not guaranteed. Eddington uses a rate of 5% in setting the lease payments. Prepare the journal entries that Eddington will make in 2021