On January $1,2025,$ Marin Co$.$ leased a building to Cullumber Inc. The relevant information related to the lease is as follows.

The lease arrangement is for $10$ years. The building is expected to have a residual value at the end of the lease of $$4,000,000($unguaranteed$).$

The leased building has a cost of $$4,500,000$ and was purchased for cash on January $1,2025.$

The building is depreciated on a straight$-$line basis. Its estimated economic life is $50$ years with no salvage value.

Lease payments are $$300,000$ per year and are made at the beginning of the year.

Cullumber has an incremental borrowing rate of $8\%,$ and the rate implicit in the lease is unknown to Cullumber.

Both the lessor and the lessee are on a calendar$-$year basis.

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$($For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

$($a$)$

Prepare the journal entries that Marin should make in $2025.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$