Blossom Corp., which uses IFRS, signs non-renewable, non-cancellable lease agreement to lease robotic equipment from Crane Inc. The following information concerns the lease agreement. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE, Using (1) factor tables, (2) a financial calculator, or (3) Excel functions, calculate the amount of the right-of-use asset and lease liability, (Round factor values to 5 decimai places, e. 1.25124 and final answers to 0 decimal places, es. 5,275.) The amount of the right-of-use asset Prepare the initial entry to reflect the signing of the lease agreement. (List all debit entries before credit entries. Credlt account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, seiect "No entry" for the account tities and enter O for the amounts.) Prepare an amortization schedule for the term of the lease to be used by Blossom. (Round ariswers to 0 decimol piocks eg. 5.275 ) Prepare the journal entries on Blossom Corpis books to record the payments related to this lease for the years 2023 and 2024 as well as any adjusting journal entries at its hiscal year ends of December 31, 2023 and 2024. (List all deblt entries before credit entries. Credit account tities ore outomatically indented when the amount Is entered. Do not indent manually. If no entry Is required, select "No Blossom Corp., which uses IFRS, signs non-renewable, non-cancellable lease agreement to lease robotic equipment from Crane Inc. The following information concerns the lease agreement. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE, Using (1) factor tables, (2) a financial calculator, or (3) Excel functions, calculate the amount of the right-of-use asset and lease liability, (Round factor values to 5 decimai places, e. 1.25124 and final answers to 0 decimal places, es. 5,275.) The amount of the right-of-use asset Prepare the initial entry to reflect the signing of the lease agreement. (List all debit entries before credit entries. Credlt account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, seiect "No entry" for the account tities and enter O for the amounts.) Prepare an amortization schedule for the term of the lease to be used by Blossom. (Round ariswers to 0 decimol piocks eg. 5.275 ) Prepare the journal entries on Blossom Corpis books to record the payments related to this lease for the years 2023 and 2024 as well as any adjusting journal entries at its hiscal year ends of December 31, 2023 and 2024. (List all deblt entries before credit entries. Credit account tities ore outomatically indented when the amount Is entered. Do not indent manually. If no entry Is required, select "No
