Question 23 10 pts Hy Marx Co. leased a machine from Cool Equip Corp and recorded a right-of-use asset of $600,000 in a 10-year financing lease. Lease payments are made annually at January 1 of each year beginning January 1, 2018. The interest rate charged by the lessor was 10%. Required: Prepare the appropriate journal entries on January 1, 2018, and December 31, 2018. Round your answers to the nearest whole dollar amounts.