On January $1,2025,$ Splish Brothers Co$.$ leased a building to Sunland Inc. The relevant information related to the lease is as follows. $1.$ The lease arrangement is for $10$ years. The building is expected to have a residual value at the end of the lease of $$3,900,000($unguaranteed$).2.$ The leased building has a cost of $$4,400,000$ and was purchased for cash on January $1,2025.3.$ The building is depreciated on a straight$-$line basis. Its estimated economic life is $50$ years with no salvage value. $4.$ Lease payments are $$295,000$ per year and are made at the beginning of the year. $5.$ Sunland has an incremental borrowing rate of $8\%,$ and the rate implicit in the lease is unknown to Sunland. $6.$ Both the lessor and the lessee are on a calendar$-$year basis. Click here to view factor tables. $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$ Prepare the journal entries that Splish Brothers should make in $2025.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entriesin the order presented in the problem. If no entry isrequired,select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$ Date Account Titles and Explanation Debit Credit $($To record cost of the building$)($To record receipt of lease payment$)($To record the recognition of the revenue each period$)($To record depreciation expense on the leased asset$)$ Prepare the journal entries that Sunland should make in $2025.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answersto $0$ decimal places, e$.$g$.5,275.$ Record journal entriesin the order presented in the problem. If no entry isrequired,select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$ Date Account Titles and Explanation Debit Credit $($To record the lease$)($To record lease payment$)$ If Sunland paid $$35,000$ to a real estate broker on January $1,2025,$ as a fee for finding the lessor, what is the initial measurement of the right$-$of$-$use asset?$($Round answersto $0$ decimal places, e$.$g$.5,275.)$ Right$-$of$-$use asset $