On January 1, 2024, 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, 2024, and on each December 31 through 2026. 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. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2026. Winn's fiscal year is the calendar year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 Record the beginning of the lease for Winn. tes EX 1 Record the beginning of the lease for Winn. 12 2 Record the advance payment made at the beginning of the lease by Winn. Record the purchase of the leasehold improvements by Winn. 4 Record the lease and interest payment for Winn. Record the amortization for Winn. 6 Record depreciation for Winn. 7 Record the lease and interest payment for Winn. Note: journal entry has been entered Record entry Clear entry it View transaction list 5 Record the amortization for Winn. 6 Record depreciation for Winn. ces 7 Record the lease and interest payment for Winn. 8 Record the amortization for Winn. 6 Record depreciation for Winn. 10 Record the lease and interest payment for Winn. 11 Record the amortization for Winn. 12 Record depreciation for Winn. journal entry has been entered Note: Record entry Clear entry EX i 12 12 it Cre View general.