On January 1, 2024, Winn Heat Transfer leased office space under a three-year operating lesse agreement. The arrangement specified three annual lease payments of $66,000 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 5% Winn also paid a $207,000 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 $273,000. 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, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Prepare the appropriate entries for Winn Hest Transfer from the beginning of the lesse 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. Answer is complete but not entirely correct. No Date 1 January 01, 2024 Right-of-use asset Lease payable 2 3 4 5 January 01, 2024 Lease payable Cash January 01, 2024 Leasehold improvements Cash December 31, 2024 Interest expense Lease payable Cash December 31, 2024 Amortization expense General Journal 00 00 00 000 Debit Credit 386,734 386,734 207,000 207,000 273,000 273,000 8,987 57,013 66,000 126,013 126,013 Right-of-use asset 6 December 31, 2024 Depreciation expense 91,000 Accumulated depreciation-leasehold improvement 91,000 7 December 31, 2021 Interest expense Lease payable Cash 000 6,136 59,864 66,000 8 December 31, 2021 Amortization expense Right-of-use asset 128,864 128,864 9 December 31, 2021 Depreciation expense 91,000 Accumulated depreciation-leasehold improvement 91,000 10 December 31, 2021 Interest expense 3,143 Lease payable Cash 62,857 66,000 11 December 31, 202 Amortization expense Right-of-use asset 12 December 31, 2021 Depreciation expense Accumulated depreciation-leasehold improvement > > 131,857 131,857 69,000* 69,000