Blossom Leasing Company signs an agreement on January 1, 2025, to lease equipment to Crane Company. The following information relates to this agreement. 1. The term of the non-cancelable lease is 6 years with no renewal option. The equipment has an estimated economic life of 6 years. 2. The cost of the asset to the lessor is $401,000. The fair value of the asset at January 1, 2025, is $401,000. 3. The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual value of $22,050, none of which is guaranteed. 4. The agreement requires equal annual rental payments, beginning on January 1, 2025. 5. Collectibility of the lease payments by Blossom is probable. Click here to view factor tables. (b) Your answer is partially correct. Prepare an amortization schedule that is suitable for the lessor for the lease term. (Round answers to O decimal places e.g. 5,275.) BLOSSOM LEASING COMPANY (Lessor) Lease Amortization Schedule Annual Lease Payment Plus Interest on Lease Date URV Receivable 1/1/25 $ 1/1/25 1/1/26 1/1/27 401000 $ 401000 i $ Recovery of Lease Receivable $ Leas 1/1/26 1/1/27 1/1/28 1/1/29 1/1/30 12/31/30 $ $