On $\frac{1}{1}\frac{?}{2012\text{A}\text{B}\text{C}}.$ Inc. enters into a $20-$year non$-$cancelable lease for a piece of machinery owned by $xYZ,$ Inc. The lease calls for annual payments of $$20,000,$ payable at the beginning of each year of the lease $($i$.$e$.$ first payment due on $\frac{1}{1}\frac{?}{2012}).$ At the end of the lease, the right to use the machine transfers back to $xYZ.$ ABC, Inc. declined the choice to purchase the machine outright for $$800,000,$ and the economic life of the machine is believed to be $30$ years. There is also an option to renew the lease for an additional $10$ years at a reduced rate of $$19,000.$ This does not represent a bargain renewal option that ABC, Inc. is reasonably certain to use. ABC, Inc. uses a $5\%$ discount rate to calculate present values, and generally uses straight line depreciation to depreciate machines assuming a $0\%$ salvage value. In addition, ABC, Inc. spends $$20,000$ to customize the machinery for use in their factory. They believe that this customization has a useful life of $10$ years.

What $($if any$)$ journal entry$($ies$)$ should ABC, Inc. record on $\frac{1}{1}\frac{?}{2012}?$