Blossom Company, a machinery dealer, leased a machine to Crane Corporation on January $1,2025.$ The lease is for an $8-$year period and requires equal annual payments of $$32,207$ at the beginning of each year. The first payment is received on January $1,2025.$ Blossom had purchased the machine during $2024$ for $$146,000.$ Collectibility of lease payments by Blossom is probable. Blossom set the annual rental to ensure a $6\%$ rate of return. The machine has an economic life of $10$ years with no residual value and reverts to Blossom at the termination of the lease.

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I need this part answered$/$ Suppose the collectibulty of the lease payments were not probable fir Blossom. Prepare the necessary jounral sntry for the company in $2025$