Warren Marina owns a large marina that contains numerous boat slips of various sizes. Warren contracts with boat owners to provide slips to house the customers' boats. Lucky Fisherman Fleet contracted with Warren to provide space for four of its fishing boats. The ats will be kept in identified slips in the marina. The agreement includes the requirement Narren provide 45-foot slips per boat for a three-year period, space that Lucky Fisherman can modity with f equipment needed to conduct its fishing business. Warren car Fisherman's consent. Lucky Fisherman Fleet paid $16,000 on March 1, 2021, for the first year's accommodations. The market rate of interest is 5%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entry(s) for Lucky Fisherman Fleet at March 1, the commencement of the agreement. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your final answers to the nearest whole dollar amount.) Answer is not complete. No Date General Journal Credit Debit 54,274 X 1 March 01, 2021 Right-of-use asset Lease payable 2 March 01, 2021 19,500 Lease payable Cash