York Industries leases a large specialized machine to Echo Company at a total rental of $1,400,000, payable in five annual installments in the following declining pattern: 24% in the first two years, 20% in the third and fourth years, and 12% in the last year. The lease begins January 1, 2013. In addition to the rent, Echo is required to pay annual executory costs of $18,000 to cover unusual repairs and insurance. The lease does not qualify as a capital lease for reporting purposes. York incurred initial direct costs of $18,000 in obtaining the lease. The machine cost York $1,900,000 to construct and has an estimated life of eight years with an estimated residual value of $120,000. York uses the straight-line depreciation method on its equipment. Both companies report on a calendar-year basis.

Prepare the journal entries on York's books for 2013 and 2017 related to the lease. Round your answers to the nearest dollar. For compound transactions, if an amount box does not require an entry, leave it blank.