On January 1, 2017, Pina Co. leased a building to Grouper Inc. The relevant information related to the lease is as follows.

1.		The lease arrangement is for 10 years.
2.		The leased building cost $4,320,000 and was purchased for cash on January 1, 2017.
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 $277,400 per year and are made at the end of the year.
5.		Property tax expense of $82,400 and insurance expense of $10,100 on the building were incurred by Pina in the first year. Payment on these two items was made at the end of the year.
6.		Both the lessor and the lessee are on a calendar-year basis.

(a) Prepare the journal entries that Pina Co. should make in 2017.

(b) Prepare the journal entries that Grouper Inc. should make in 2017.

(c) If Pina paid $28,900 to a real estate broker on January 1, 2017, as a fee for finding the lessee, how much should Pina Co. report as an expense for this item in 2017?