On January $1,2024,$ Winn Heat Transfer leased office space under a three$-$year operating lease agreement. The arrangement

specified three annual lease payments of $$72,000$ each, beginning December $31,2024,$ and on each December $31$ through $2026.$ The

lessor, HVAC Leasing, calculates lease payments based on an annual interest rate of $8\%.$ Winn also paid a $$231,000$ advance payment

at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the

space at a cost of $$303,000.$ The useful life of the building and the structural modifications were estimated to be $30$ years with no

residual value.

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 entries for Winn Heat Transfer from the beginning of the lease through the end of $2026.$ Winn's fiscal year is

the calendar year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your

answers to the nearest whole dollar.

$(1)$ Record the beginning of the lease for Winn.

$2$ Record the advance payment made at the beginning of

the lease by Winn.

$3$ Record the purchase of the leasehold improvements by

Winn.

Record the lease and interest payment for Winn.

$5$ Record the amortization for Winn.

$6$ Record depreciation for Winn.