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 stored at a specific temperature. Sanders has only one location in its warehouse with an HVAC system capable of maintaining the required temperatures. CCC can modify the space with shelving and equipment needed to add, move, and remove containers. Sanders cannot switch locations of the containers or modify the space without CCC's consent. CCC paid $14,000 on April 1, 2024, for the first year's accommodations. The market rate of interest is 4%. Prepare the appropriate entry(s) for Christina Containers Corporation on April 1, the commencement of the agreement. DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWERS. PUT DEBITED ACCOUNTS FIRST IN THE JOURNAL ENTRIES. Recording the Lease Recording the Initial Payment