Sanders Storage owns a large warehouse that can be subdivided to accommodate storage spaces of various sizes using movable walls. Sanders contracts with companies to provide them storage space. Christina Containers Corporation (CCC) contracted with Sanders to provide storage for CCC's excess containers. The contract specifies that CCC's containers will be kept in an identified space in the warehouse, providing 2,500 square feet for a four-year period. The contract also specifies that CCC's containers must be required temperatures. CCC can modify the space with shation in its warehouse with an HVAC system capabie of maintaining the Sanders cannot switch locations of the containers or modelving and equipment needed to add, move, and remove containers. the first year's accommodations. The market rate of interest the space without CCC's consent. CCC paid $14.200 on April 1,2024, for Note: Use tables, Excel, or a financial calculator. Required: Prepare the appropriate entry(s) for Christina Containers Corporation on April 1, the commencement of the agreement. 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 amounts. Journal entry worksheet Journal entry worksheet Journal entry worksheet Record the first payment. Note: Enter debits before credits. ABl.E 2 Present value of $1 V=51V1+Inn Table 4 Present Value of an Ordinary Anntity of 51