Carla Vista Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $30,080 at the beginning of each year. The first payment is received on January 2.2020. Carla Vista had purchased the machine during 2019 for $116,000. Collectibility of lease payments by Carla Vista is probable. Carla Vista 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 Carla Vista at the termination of the lease. Click here to view factor tables. Compute the amount of the lease recelvable. (For calculation purposes, use 5 decimal places as displayed in the factor fable provided and round final answer to 0 dedmal places es. 5,275 .) Amount of the lease receivable Prepare all necessary journal entries for Carla Vista for 2020. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal ploces es, 5,275.1 Suppose the collectibility of the lease payments was not probable for Carla Vista. Prepare the necessary journal entry for the company in 2020. (Credit account titles are automatically indented when amount is entered Do not indent manually) Suppose at the end of the lease term, Carla Vista receives the asset and determines that it actually has a fair value of $1,350 instead of the anticipated residual value of $0. Record the entry to recognize the receipt of the asset for Carla Vista at the end of the lease term. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal ploces e.g. 5,275.)