On January 1, 2014, Alphabet Company leased an office building to Numbers, Inc. The relevant information related to the lease is as follows.
1. The lease arrangement is for 16 years.
2. The leased building cost $14,000,000 and was purchased for cash on January 1, 2014.
3. The building is depreciated on a straight-line basis. Its estimated economic life is 30 years and has no estimated residual value.
4. Lease payments are $600,000 per year and are made at the end of the year.
5. Insurance expense of $42,000 on the building was incurred by Alphabet in the first year. Payment on this item was made at the end of the year.
6. Both the lessor and the lessee are on a calendar-year basis.

Instructions
(a) Prepare the journal entries that Alphabet Company should make in 2014.
(b) Prepare the journal entries that Numbers, Inc. should make in 2014.
(c) If Numbers paid $16,000 to a real estate broker on January 1, 2014, as a fee for finding the lessee, how much should be reported as an expense for this item in 2014 by Numbers, Inc.?