Journal entry worksheet A 2 4 Record the lease payment made by National. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021To raise operating funds, National Distribution Center sold its office building to an insurance company on January 1, 2021, for $900,000 and immediately leased the building back. The operating lease is for the final 10 years of the building's estimated 20- year remaining useful life. The building has a fair value of $900,000 and a book value of $700,000 (its original cost was $1 million). The rental payments of $200,000 are payable to the insurance company each December 31. The lease has an implicit rate of 8%. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. & 2. Prepare the appropriate entries for National Distribution Center on January 1, 2021 and December 31, 2021, to record the sale- leaseback and necessary adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record sale of building. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021Journal entry worksheet Record amortization for National. Note: Enter debits before credits. -- Journal entry' worksheet