Blossom Corp. is a manufacturer of truck trailers. On January 1, 2021, Blossom Corp.leases 11 trailers to Splish Company under a 5- year noncancelable lease agreement. The following information about the lease and the trailers is provided: 1. 2. Equal annual payments that are due on January 1 each year provide Blossom Corp. with an 15% return on net investment. Titles to the trailers pass to Splish at the end of the lease. The fair value of each trailer is $52,300. The cost of each trailer to Blossom Corp. is $45,700. Each trailer has an expected useful life of nine years Collectibility of the lease payments is probable. 3. 4. Click here to view factor tables. (a) Your answer has been saved. See score details after the due date. What type of lease is this for the lessor? Direct-financing type lease Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Calculate the annual lease payment. (Round present value factor calculations to 5 decimal places, eg. 125124 and the final answer too decimal places eg. 5.275.) Annual lease payment $ 149236 Attempts: 1 of 1 used (c) Your answer has been saved. See score details after the due date. Prepare a lease amortization schedule for Blossom Corp. for the first three years. (Round answers to decimal places eg. 5.275.) Blossom Corp. Lease Amortization Schedule (Lessor) Interest on Lease Receivable Date Annual Lease Rental Lease Receivable Recovery 1/1/21 1/1/21 $ 149236 $ D $ 149236 1/1/22 149236 63910 85326 1/1/23 149236 51111 98125 Attempts: 1 of 1 used (d) Your answer has been saved. See score details after the due date