Waterway Corporation owns equipment that cost $90,000 and has a useful life of 9 years with no salvage value. On January 1, 2017, Waterway leases the equipment to Donna Havaci Inc. for one year with one rental payment of $14,000 on January 1. Prepare Waterway Corporation's 2017 journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)