Sandhill Corporation owned a manufacturing facility. Sandhill had purchased the building for $9,360,000, and had recorded $4,320,000 depreciation on the facility. On January 1, 2023, Sandhill sold the building to Wildhorse Ltd. for $6,036,000, and then immediately signed a 20-year agreement to lease back the building for annual payments of $569,241, due at the start of each year. Title to the building would return to Sandhill at the conclusion of the lease. Wildhorse's implied interest rate, which was known to Sandhill, was 8%. Prepare the journal entries to be recorded by Sandhill for the 2023 fiscal year and January 1, 2024 payment (assuming a December 31 year-end, and that Sandhill follows ASPE). (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record sale of building) Debit Credit (To record inception of lease) (To record lease payment) (To record depreciation expense) (To record amortization of deferred gross profit) (To record interest) (To record lease payment)