On January 1, 2024, Harlon Consulting entered into a three-year lease for new office space agreeing to lease payments of: $11,200 in 2024,$8,800 in 2025 and $6,400 in 2026 . Payments are due on December 31 of each year with the first payment being made on December 31,2024. Harlon is aware that the lessor used a 5% interest rate when calculating lease payments. Required: 1-4. Prepare the appropriate entries for Harlon Consulting on January 1, 2024, December 31, 2024,2025 and 2026 to record the lease. Note: Use tables, Excel, or a financial calculator. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar. (FV of $1,PV of $1,FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1 )