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The following relate to an operating lease agreement: a. The lease term is 3 years, beginning January 1, 2021. b. The leased asset cost the lessor $810,000 and had a useful life of eight years with no residual value. The lessor uses straight-line depreciation for its depreciable assets. c. Annual lease payments at the beginning of each year were $138,500. d. Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessor were $2,550. Required: Prepare the appropriate entries for the lessor from the beginning of the lease through the end of the lease term. (Round your intermediate and final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cash received. Note: Enter debits before credits. Debit Credit Date General Journal January 01, 2021 Cash Deferred lease revenue 138,500 138,500 Record entry Clear entry View general journal