On January $1,2025,$ Oriole Animation sold a truck to Pharoah Finance for $$50,000$ and immediately leased it back. The truck was carried on Oriole's books at $$43,000.$ The term of the lease is $3$ years, there is no bargain purchase option, and title does not transfer to Oriole at lease$-$end. The lease requires three equal rental payments of $$14,000$ at the end of each year $($first payment on January $1,2026).$ The appropriate rate of interest is $6\%,$ the truck has a useful life of $5$ years, and the residual value at the end of the lease term is expected to be $$14,000,$ none of which is guaranteed.

Prepare Oriole's $2025$ journal entries. $($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. For calculation purposes, use $5$ decimal places as displayed in the factor table provided and round final answers to $0$ decimal places, e$.$g$.5,265.$ Record journal entries in the order presented in the problem.$)$