Warrea Morina owns a large marina that contains numerous bobt slips of various sizes. Warren controcts with boot owpers to provido slips to house the customers' bovats. Lucky Fisher Feet contracted with Warren to provide spoce for four of ias fishing boats - The contract specifies that Lucky Fisher's boets will be kept in lientified slips in the marina - Warren has the rioht to shin the boats to other slips within its marina at its discretion, subject to the recuirement to provide 45 foot slips per boat for a three year period. Warren frequenty rearranges its cuasomers' boats to meot the needs of new contracts Costs of reallocoting spoce is low relative to the benefts of being abio to accommodate more customers and their specific requests - Lucky Fisher poid \$25,000 on March 1, 2024, for the first yoar's accommodations - The market rate of interest is 7k Requiled: Pregore the oppropniote entry(s) for tucky Fisher Floot at March 1 , the commencement of the agregment. Note: If no entry is required for a transactiondevent, select "No joumal entry required" in the first accoumt field, Use tables, fixcel, of a financiat calculator. (EV of S1, PV of S1, EVA of S1, PVA of S1, EVAD of St and PVAD of S1) Journal entry worksheet Hecerd the payment of $25,000 on Marh 1, 2024, for the firct years accomingdations. Warrea Morina owns a large marina that contains numerous bobt slips of various sizes. Warren controcts with boot owpers to provido slips to house the customers' bovats. Lucky Fisher Feet contracted with Warren to provide spoce for four of ias fishing boats - The contract specifies that Lucky Fisher's boets will be kept in lientified slips in the marina - Warren has the rioht to shin the boats to other slips within its marina at its discretion, subject to the recuirement to provide 45 foot slips per boat for a three year period. Warren frequenty rearranges its cuasomers' boats to meot the needs of new contracts Costs of reallocoting spoce is low relative to the benefts of being abio to accommodate more customers and their specific requests - Lucky Fisher poid \$25,000 on March 1, 2024, for the first yoar's accommodations - The market rate of interest is 7k Requiled: Pregore the oppropniote entry(s) for tucky Fisher Floot at March 1 , the commencement of the agregment. Note: If no entry is required for a transactiondevent, select "No joumal entry required" in the first accoumt field, Use tables, fixcel, of a financiat calculator. (EV of S1, PV of S1, EVA of S1, PVA of S1, EVAD of St and PVAD of S1) Journal entry worksheet Hecerd the payment of $25,000 on Marh 1, 2024, for the firct years accomingdations