In 2019, Biossom Trucking Company negotiated and closed a iong-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were erected to the company's specifications an land owned by the company, On January 1 . 2020, Blossom Trucking took possession of the lease properties. Although the terminals have a composite useful life of 40 years, the non-cancelable lease runs for 20 years from January 1,2020 , with a bargain purchase option available upon expiration of the lease. The 20-year lease is effective tor the period January 1.2020, through December 31, 2039. Rental payments of $960,000 are payable to the lessor on January 1 of each of the first 10 years of the lease term. Advance rental payments of $384,000 are due on January 1 for each of the last 10 years of the lease. The company has an option to purchase all of these leased facilities for $1 on December 31. 2039. The lease was negotiated to assure the lessor a 6% rate of return. Selected present value factors are as follows. (a) Your answer is correct. Prepare a schedule to compute for Biossom Trucking the present vatue of the terminal faciuties and related obligation at lanuary 1,2020. (Round anewers to 0 decimal places es. 125) Prepare a schedule to compute for Blossom Trucking the present value of the terminal facilities and related obligation at January 1. 2020. (Round answers to 0 decimal places, es 125.) Assuming that the present value of terminal facilities and related obligation at January 1,2020, was \$9,162,492, prepare journal entries for Blossom Trucking to record the following- (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account tities and enter 0 for the anounts. Round answers to 0 decimat ploces, es. 125. (1) Cash payment to the iessor on January 1,2022 (2) Amortization of the cost of the leased properties for 2022, using the straight-line method and assuming azero saivage value. (3) Accrual of interest expense at December 31,2022