HA21-2 (Lessor Entries; Sales-Type Lease) Crosley 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 $35,004 beginning on January 1, 2020 and then on December 31 from 2020 through the end of the lease. Crosley had purchased the machine during 2019 for $200,000. Collectibility of lease payments by Crosley is probable. Crosley 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 Crosley at the termination of the lease. The fair value of the machine on January 1, 2020 is $230,410. Instructions (a) Identify the type of lease involved for Crosley and give reasons for your classification. (b) Compute the amount of the lease receivable. (c) Prepare the amortization table for Crosley for the years 2020 and 2021. (d) Prepare all necessary journal entries for Crosley for 2020 and 2021