Current Attempt in Progress On January 1, 2023, Blossom Ltd., which uses ASPE, sold a truck to Vaughn Finance Corp. for $70,000 and immediately leased it back. The truck was carried on Blossom's books at $59,000, net of $29,000 of accumulated depreciation. The term of the lease is five years, and title transfers to Blossom at lease end. The lease requires five equal rental payments of $17,996, with each payment made at year end. The appropriate rate of interest is 9%, and the truck has a useful life of five years with no salvage value. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare Blossom's 2023 journal entries including any year-end adjusting entries at December 31, 2023. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date December 31, 2023 December 31, 2023 Account Titles and Explanation (To record sale of vehicle) (To record inception of lease) Debit Credit December 31, 2023 December 31, 2023 (To record depreciation expense) December 31, 2023 (To record amortization of deferred profit) (To record lease payment)