Recording Operating Lease$-$Lessor

Gomez Inc. leases a vehicle from CareMax Inc. on January $1$ for a three$-$year period. Gomez agrees to make $$9,600$ annual payments beginning on January $1.$ Prepare the journal entries during the year for

CareMax Inc. assuming that the fair value of the vehicle is $$44,800$ and it has a useful life of $6$ years with no salvage value $($depreciated using the straight$-$line method$).$ CarMax Inc. appropriately classifies the

lease as an operating lease. $,$

Note: Round your answers to the nearest whole dollar.