need help on part (b)

Blossom Leasing Company leases a new machine to Crane Corporation. The machine has a cost of $65,000 and fair value of $96,000. Under the 3-year, non-cancelable contract, Crane will receive title to the machine at the end of the lease. The machine has a 3 -year useful life and no residual value. The lease was signed on January 1,2025. Blossom expects to earn an 8% return on its investment, and this implicit rate is known by Crane. The annual rentals are payable on each December 31, beginning December 31, 2025. Click here to view factor tables: (b) Your answer is correct. Prepare an amortization schedule that would be suitable for both the lessor and the lessee and that covers all the years involved. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round finol answers to 0 decimal ploceseg. 5,275 ) Prepare the journal entry at commencement of the lease for Blossom. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry Is required, select "No Entry" for the account titfes and enter 0 for the amounts.)