On January 1 of the current year, Fields Corporation leased a machine from Kilmer Company. The machine originally cost Kilmer $450,000. The lease is an operating lease that requires for five annual payments of $54,000 beginning on January 1 of the current year. Which of the following journal entries should Kilmer record on January 1 of the current year?

A. Cash 54,000

Rent Expense 54,000

B. Cash 54,000

Unearned Rent Revenue 54,000

C. Cash 54,000

Rent Revenue 54,000

D. Cash 54,000

Lease Receivable 54,000