On January $1,2023,$ Riverbed Corp. leased a building to Marin Inc. Both companies follow ASPE. The lease arrangement was for $10$

years. The leased building cost $$4,900,000$ and was purchased for cash on January $1,2023.$ The building was to be depreciated on a

straight$-$line basis over its estimated economic life of $50$ years. The lease called for payments of $$294,000$ per year, made at the end of

the year. Property tax expense of $$74,000$ and insurance expense of $$15,000$ on the building were incurred by Riverbed in the first

year. Payment on these two items was made at the end of the year. The market rate of interest is $6\%.$

$($a$)$

Prepare the journal entries made by Riverbed Corp. in $2023$ assuming Riverbed prepares financial statements annually. $($Credit

account titles are automatically indented when the 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. List all debit entries before credit entries.$)$