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 $80.000 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 5%. Winn also paid a $100.000 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 $180,000. 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 approprlete 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 fleld. Round your answers to the nearest whole dollar.) Answer is not complete. No General Journal Debit Credit 1 Date January 01, 2021 Right-of-use asset Lease payable ol 2 100.000 January 01, 2021 Lease payable Cash OO 100.000 3 December 31, 202 Interest expense > Lease payable Cash 80.000 4 December 31, 202 Amortization expense > > Right-of-use asset O OV 5 December 31, 202 Depreciation expense > 60.000 Accumulated depreciation - leasehold improvement 60.000 6 December 31, 202 Interest expense Lease payable Cash 80.000 7 December 31, 202 Amortization expense Right-of-use asset 00 December 31, 202 Depreciation expense 60.000 1 January 01, 2021 Right-of-use asset Lease payable 2 100,000 January 01, 2021 Lease payable Cash Blo 100.000 3 December 31, 202 Interest expense Lease payable Cash 80.000 4 December 31, 202 Amortization expense >> Right-of-use asset 5 December 31, 202 Depreciation expense 60.000 Accumulated depreciation - leasehold improvement 60.000 6 December 31, 202 Interest expense > Lease payable Cash BIO 80.000 7 December 31, 202 Amortization expense > > Right-of-use asset 8 December 31, 202 Depreciation expense 60.000 > > Accumulated depreciation - leasehold improvement 60.000 December 31, 202 Interest expense 3.800 78,190 Lease payable Cash po 80.000 10 December 31, 202 Amortization expense 109.524 >> Right-of-use asset 109.524 11 December 31, 202 Depreciation expense > 60.000 Accumulated depreciation - leasehold improvement 60.000