Blossom Inc. operates a retail computer store. To improve its delivery services to customers, the company purchased four new trucks on April 1, 2023. The terms of acquisition for each truck were as follows: 1. Truck $1 had a list price of $25,000 and was acquired for a cash payment of $22,100. 2. Truck $2 had a list price of $30,200 and was acquired for a down payment of $2,000 cash and a non-interest-bearing note with a face amount of $28,200. The note is due April 1, 2024. Blossom would normally have to pay interest at a rate of 108 for such a borrowing, and the dealership has an incremental borrowing rate of 8%. 3. Truck #3 had a list price of $27,100, It was acquired in exchange for a computer system that Blossom carries in inventory. The computer system cost $15,300 and is normally sold by Blossom for $23,200. Blossom uses a perpetual inventory system. 4. Truck \$4 had a list price of $24,000. It was acquired in exchange for 1,000 common shares of Blassom. The commonshares trade in an active market valued at $22 per share in the most recent trade. Click here to view Table A 4. PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 (a) Prepare the appropriate journal entries for Blossom Inc. for the above transactions, assuming that Blossom prepares financial statements in accordance with IFRS. For Truck \#2, calculate the purchase price using any of the three inethods (tablies, financial calculator, or Excell), (Credit occount titles are automaticolly indented when the amount is entered. Do not indent manualik if no entry is required, select "No Entry' for the occount titles and enter 0 for the omounts. List all debit entries before credit entries found factor values to 5 decimal places eg. 1.25124 and final answers to 0 decimal places, es. 5.275.) (a) Prepare the appropriate joumal entries for Blossom Inc, for the above transactions, assuming that Blossom prepares financial statements in accondance with IFRS. For Truck \#2, calculate the purchase price using any of the three methods (tables financial calculator, or Excel). (Credit account tiles are outomotically indented when the amount is entered. Do not indent manuallx if no entry is required, select "No Entry' for the account titles and enter 0 for the amounts. List all debit entries before credit entriec Round foctar velues to 5 decimal ploces es. 1.25124 and final answers to 0 decimal ploces, es. 5,275