On January 1 of this year, Diaz Boutique pays $165,000 to modemize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases (does not own) its store and has 8 years remaining on the lease. 1. \& 2. Prepare the joumal entry to record the cost of modernization and amortization at the end of this current year Journal entry worksheet On January 1 of this year, Diaz Boutique pays $165.000 to modernize its store. Improvements include new floors, ce wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases (does not own) its store remaining on the lease. 1. \& 2 Prepare the joumal entry to record the cost of modernization and amortization at the end of this current year. Journal entry worksheet Record the cost of modemization of the store for $165,000cash. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the amortization expense of the leasehold improvements. Note: Enter debits before credits