Jack Company leased an asset to Jill Company on January 1, 2011. Jill Company is required to make $15,000 payments on January 1 of each year for six years, beginning January 1, 2011. The useful life of the asset is also estimated to be six years. Included in the lease payment are executor costs of $1000 to be paid annually by Jill Company. If Jack Company determined the interest payment to provide it a 10 percent, return, Jack Company would make the following entry on January 1, 2011: