The following relate to an operating lease agreement: The lease term is 3 years, beginning January 1, 2021. The leased asset cost the lessor $910,000 and had a useful life of eight years with no residual value. The lessor uses straight-line depreciation for its depreciable assets. Annual lease payments at the beginning of each year were $146,500. Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessor were $4,050. Required: Prepare the appropriate entries for the lessor from the beginning of the lease through the end of the lease term.