Marin Robotics Corporation manufactures robots for use in assembly lines. On January 1, 2017, it leased to Starline Trucks, Inc. a robot that had cost $266,000 to manufacture. The lease agreement covers the 8-year useful life of the replicator and requires 8 equal annual rentals of $60,200 payable each January 1, beginning January 1, 2017. An interest rate of 9% is implicit in the lease agreement. Collectibility of the rentals is reasonably assured, and there are no important uncertainties concerning costs. Prepare Marin Robotics January 1, 2017, journal entries. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title To record sales	enter a debit amount	enter a credit amount
enter an account title To record sales	enter a debit amount	enter a credit amount
(To record sales)
enter an account title To record cost of goods sold	enter a debit amount	enter a credit amount
enter an account title To record cost of goods sold	enter a debit amount	enter a credit amount
(To record cost of goods sold)
enter an account title To record rental payment	enter a debit amount	enter a credit amount
enter an account title To record rental payment	enter a debit amount	enter a credit amount
(To record rental payment)