On January 1, 2018, Wellburn Corporation leased an asset from Tabitha Company. The asset originally cost Tabitha $380,000. The lease agreement is an operating lease that calls for four annual payments beginning on January 1, 2018, in the amount of $44,000. The other three remaining payments will be made on January 1 of each subsequent year. Which of the following journal entries should Tabitha record on January 1, 2018?