Windsor Corporation recorded a right-of-use asset for $240,300 as a result of a finance lease on December 31, 2016. Windsors incremental borrowing rate is 13%, and the implicit rate of the lessor was not known at the commencement of the lease. Windsor made the first lease payment of $41,440 on on December 31, 2016. The lease requires 9 annual payments. The equipment has a useful life of 9 years with no residual value. Prepare Windsor's December 31, 2017, entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 5,275.)