Henry O'Donnell created an inter vivos trust fund. He owns a large department store in Higgins, Utah. He also owns a tract of land adjacent to the store used as an extra parking lot when the store is having a sale and during the Christmas season. O'Donnell expects the land to appreciate in value and eventually be sold for an office complex or additional stores. O'Donnell places this land into a charitable lead trust, which will hold the land for 10 years, until O'Donnell's son is 21 . At that time. title will transfer to the son. The store will pay rent to use the land during the interim. The income generated each year from this usage will be given to a local church. The land is currently valued at $360,000. During the first year of this arrangement, the trustee records the following cash transactions: Prepare all journal entries for this trust fund including the entry to create the trust. (If no entry is requlred for a transectlon/event, select "No journal entry requlred" In the first account fleld.) Tnurnal entry whrkahept Nove: cmitr peons pelore crepins