On January $1,2024,$ Salvatore Company leased several machines from Nola Corporation under a three$-$year operating lease agreement. The lease calls for semiannual payments of $$15,000$ each, payable on June $30$ and December $31$ of each year. The machines were acquired by Nola at a cost of $$90,000$ and are expected to have a useful life of five years with no expected residual value.

Required:

Prepare the appropriate journal entries for the lessor from the beginning of the lease through the end of $2024.$

$1.($June $30,2024)$ Record the first payment received by Burrito Bill's.

$2.($December $31,2024)$ Record the second payment received by Burrito Bill's.

$3.($December $31,2024)$ Record the amortization or depreciation expense for Nola Corporation.