Blossom Co. processes jam and sells it to the public. Blossom leases equipment used in its production processes from Crane, Inc. This year, Blossom leases a new piece of equipment from Crane. The lease term is 5 years and requires equal rental payments of $19,000 at the beginning of each year. In addition, there is a renewal option to allow Blossom to keep the equipment one extra year for a payment at the end of the fifth year of $11,000 (which Blossom is reasonably certain it will exercise). The equipment has a fair value at the commencement of the lease of $93,057 and an estimated useful life of 7 years. Crane set the annual rental to earn a rate of return of 6%, and this fact is known to Blossom. The lease does not transfer title, does not contain a bargain purchase option, and the equipment is not of a specialized nature. Click here to view factor tables. How should Blossom classify this lease? Blossom should classify the lease as a/an lease