On January 1, 2020, Blossom Inc. sold a piece of equipment to Crane Ltd. for $159,000, and immediately leased the equipment back. At the time, the equipment was carried on Blossom's books at a cost of $238,000, less accumulated depreciation of $95,000. The lease is a capital lease to Blossom, with a lease term of 5 years. The equipment under capital lease will be depreciated in Blossom's books over five years using double-declining balance depreciation.

a) Calculate the amortization of the deferred gain on sale to be recorded at the end of 2020, if Blossom follows ASPE

b) Assume that 30% of the gain related to the rights transferred to Crane and 70% related to the right to use the equipment retained by Blossom. Calculate the amount of gain to be recognized by Blossom under IFRS 16