On January 1, 2021, Logic Company pays $145,000 to modernize its store. Improvements include new floors, ceilings, wiring, and coverings. These improvements are estimated to yield benefits for 10 years. Logic Company leases (does not own) its store and years remaining on the lease. Required: Prepare the journal entry to record the cost of modernization and amortization at the end of this current year. View transaction list Journal entry worksheet