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 anncial payments of $30,536 at the beginning of each year. The first payment is received on January 1, 2025. Blossom had purchased the machine during 2024 for $124,000. 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. Clickhere to view factor tables. (a) Your answer is incorrect. Compute the amount of the lease receivabie. (For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided and round final answer to 0 decimal ploces es. 5.275) Amount of the lesserecelvable Amount of the losae recaivatle eTextbook and Medla List of Accounts tait rimeds seoond apo. Aftempte: 2 of 3 uned sutrission can tike up to 10 minutes (b) (c) (d)