Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2024. Hi-Tech manufactured the equipment at a cost of \\( \\$ 95,000 \\). There is no expected residual value. Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2024. Assume a December 31 year-end. 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