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 $75,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lesson HVAC Leasing calculates lease payments based on an annual interest rate of 7%. Winn also paid a $330,000 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 $405,000. 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. EVA 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.) View transaction list Journal entry worksheet 4 5 6 7 8 1 2 3 11