On January $1,2025,$ Splish Company contracts to lease equipment for $5$ years, agreeing to make a payment of $$128,104$ at the beginning of each year, starting January $1,2025.$ The leased equipment is to be capitalized at $$572,000.$ The asset is to be amortized on a double$-$declining$-$balance basis, and the obligation is to be reduced on an effective$-$interest basis. Splish's incremental borrowing rate is $7\%,$ and the implicit rate in the lease is $6\%,$ which is known by Splish. Title to the equipment transfers to Splish at the end of the lease. The asset has an estimated useful life of $5$ years and no residual value.

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Prepare the journal entries to record amortization of the leased asset and interest expense for the year $2025.($Credit account titles are automatically indented when 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. Round answers to $0$ decimal places, e$.$g$.5,275.$ List all debit entries before credit entries.$)$