On January $1,2023,$ Sandhill Ltd$.,$ which uses ASPE, sold a truck to Vaughn Finance Corp. for $$65,000$ and immediately leased it back. The truck was carried on Sandhill's books at $$53,000,$ net of $$26,000$ of accumulated depreciation. The term of the lease is five years, and title transfers to Sandhill at lease end. The lease requires five equal rental payments of $$17,587,$ with each payment made at year end. The appropriate rate of interest is $11\%,$ and the truck has a useful life of five years with no salvage value.

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Prepare Sandhill'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 $0$ for the amounts.$)$