Weta Corporation leases photocopy equipment from Digital Corporation at $$24,000$ per year for $3$ years beginning January $1,2020.$ The payments are to be made each December $31,$ beginning in $2020.$ The lease agreement meets the criteria for a finance lease. The equipment is to be depreciated straight$-$line over three years. Assuming a $6\%$ effective interest rate, record the entry on January $1,2020,$ the adjusting entry for depreciation on December $31,2020,$ and the entry to record the first lease payment. Round all values to the nearest dollar.