Hy Marx Company recorded a right-of-use asset of $610,000 in a 10y ear operating lease. Lease payments are made annually on January 1 of each year beginning January 1,2024 . The interest rate charged by the lessor was 10%. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Required: Prepare the appropriate journal entries on January 1, 2024, and December 31, 2024. Note: If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts. Journal entry worksheet Note: Enter debits before credits