On Janaary 1,2025, Cullumber Animation sold a truck to Blossom Finance for $38,000 and immediately leased it back The truck was carried on Cullumber's books at $31,000, The term of the lease is 3 years, there is no bargain purchase pption, and title does not transfer to Cullumber at lease end. The lease requires threo equal rental payments of $8,810 at the end of cach year (first payment on January 1.2026). The appropriate rate of interest is 4%, the truck has auseful life of 5 years, and the residual value at the end of the: lease termis expected to be $14,000, none of which is guaranteed. Prepare Cullumber's 2025 journal entries. (list alf debit entries before credit entries. Credit occount tities are outomatically indented when the amount is entered. Do not indent manuolly. If no entry ks required, select "No Entry' for the account tilles and enter of or the anounts. For calculotion purposes, use 5 decimal ploces as dleplayed in the factor fable previded and round finat answers to 0 decimal ploces, es. 5.285. Record boumat entries in the order presented in the problem)