On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual lease payments of $72,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 8%. Winn also paid a $156,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $228,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) Answer is complete but not entirely correct. No Date 1 January 01, 2021 Right-of-use asset Lease payable 2 January 01, 2021 Prepaid expense Cash 3 4 5 6 7 December 31, 2021 Interest expense Lease payable Cash December 31, 2021 Amortization expense Right-of-use asset December 31, 2021 Depreciation expense General Journal Accumulated depreciation - leasehold improvement December 31, 2022 Lease payable Interest expense Cash December 31, 2022 Amortization expense Right-of-use asset Cash 8 December 31, 2022 Depreciation expense Accumulated depreciation - leasehold improvement 9 December 31, 2023 Interest expense Lease payable Cash >> Debit 341,551 Credit 341,551 > > > > 156,000 156,000 14,844 57,156 72,000 > > > 148,301 148,301 111,000 111,000 84,000 11,555 81,000 153,445 153,445 111,000 111,000 5,999 75,001 > 81,000 10 December 31, 2023 Amortization expense Right-of-use asset 159,001 159,001 11 December 31, 2023 Depreciation expense 111,000 Accumulated depreciation - leasehold improvement 111,000