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 $111,000 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 $126,000 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 $237,000. 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 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. 1 Record the beginning of the lease, for Winn. 2 Record the advance payment made at the beginning of the lease by Winn. 3 Recgrd the purchase of the leasehold improvements by Winn. 4 Record the lease and interest payment for Winn. 5 Record the amortization for Winn. 6 Record depreciation for Winn. 7 Record the lease and interest payment for Winn. 5 Record the amortization for. Winn. 6 Record depreciation for Winn. 7 Record the lease and interest payment for Winn. 8 Record the amortization for Winn. 9 Record depreciation for Winn. 10 Record the lease and interest payment for Winn. 11 Record the amortization for Winn. 12 Record depreciation for Winn. Note : = journal entry has been entered 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 $111,000 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 $126,000 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 $237,000. 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 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. 1 Record the beginning of the lease, for Winn. 2 Record the advance payment made at the beginning of the lease by Winn. 3 Recgrd the purchase of the leasehold improvements by Winn. 4 Record the lease and interest payment for Winn. 5 Record the amortization for Winn. 6 Record depreciation for Winn. 7 Record the lease and interest payment for Winn. 5 Record the amortization for. Winn. 6 Record depreciation for Winn. 7 Record the lease and interest payment for Winn. 8 Record the amortization for Winn. 9 Record depreciation for Winn. 10 Record the lease and interest payment for Winn. 11 Record the amortization for Winn. 12 Record depreciation for Winn. Note : = journal entry has been entered