On January $1,2023,$ Carla Vista Ltd$.,$ which uses ASPE, sold a truck to Sheridan Finance Corp. for $$50,000$ and immediately leased it

back. The truck was carried on Carla Vista's books at $$40,000,$ net of $$19,500$ of accumulated depreciation. The term of the lease is

five years, and title transfers to Carla Vista at lease end. The lease requires five equal rental payments of $$13,190,$ with each payment

made at year end. The appropriate rate of interest is $10\%,$ and the truck has a useful life of five years with no salvage value.

Click here to view the factor table PRESENT VALUE OF $1.$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.$

Prepare Carla Vista's $2023$ journal entries including any year$-$end adjusting entries at December $31,2023.($List all debit entries before

credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select

$"$No Entry" for the account titles and enter O for the amounts.$)$