The following relate to an operating lease agreement . The lease term is 3 years, beginning January 1, 2021 b. The leased asset cost the lessor $940,000 and had a usefullfe of eight years with no residual value. The lessor uses straight depreciation for its depreciable assets c. Annual lease payments at the beginning of each year were $10.500 d. Incremental costs of negotiating and consummating the completed one action incurred by the lowo were 54,500 Required: Prepare the appropriate entries for the lessor from the beginning of the lease through the end of the lease term (Hound your Intermediate and final answers to the nearest whole dollar amount. I no entry lo required for a transaction/event, select "No Journal entry required in the first account field) View transaction list Journal entry worksheet 1 5 6 7 13 > Record the cash received. Hotel Entor debit before credits Debil Credit General Journal Date January 01, 2021 1 Record the cash received. 2 Record the payment of initial direct costs. 3 Record the cost of the lease. 4 Record the depreciation. 5 Record the lease revenue. 6 Record the cash received. Record the cost of the lease. 8 Record the depreciation. 9 Record the lease revenue. 10 Record the cash received. 11 Record the cost of the lease. 12 Record the depreciation. 13 Record the lease revenue