On January $1,2025,$ sharon walker signed an agreement, covering $5$ years, to operate as a franchisee of carla vista Inc. for an initial franchise fee of $$62,000.$ The amount of $$9,000$ was paid when the agreement was signed, and the balance is payable in five annual payments of $$10,600$ each, beginning January $1,2026.$ The agreement provides that the down payment is non refundable and that no future services are required of the franchisor once the franchise commences operations on April $1,2025.$ Sharon Walker's credit rating indicates that she can borrow money at $9\%$ for a loan of this type.

A$.$ Prepare journal entries for Carla Vista for $2025-$related revenue for this franchis arrangement. $($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.