Crane 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 $30.688 at the beginning of each year. The first payment is received on January 1.2020 Crane had purchased the machine during 2016 for $115.000. Collectibility of lease payments by Crane is probable. Crane set the annual rental to ensure a 6% rate of retum. The machine has an economic life of 10 years with no residual value and reverts to Crane at the termination of the lease Click here to view factor tables Compute the amount of the leave receivable (For calculation purposes, une 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places eg 5.2753 Amount of the lease receivable eTextbook and Media List of Accounts Prepare all necessary journal entrs for Crane for 2000 Credit ant titles are automatically indented when is entered Dent indent manually found answers to 0 decimal 5.275) Prepare all necessary journal entries for Crane for 2020. (Credit account titles are automatically indented when amount is entered. De not Indent manually. Round answers to O decimal places. 5.2753 Date Account Titles and Explanation 1/1/20 12/31/20 (To record the lease) (To record the first lease payment) Debit Date Account Tities and Explanation Debit Creat and M Deb Creat Credit