On January 1 2025, Blossom Animation sold truck to Crane Finance for 35000 and immediately leased it back. The truck was carried on Blosson books 31000.0 The term of the lease is 5 years, there is no bargain purchase option and title does not transfer to Blossom at lease end. The lease requires 5 equal payments of 7862 at the end of each year. The appropriate rate of interest is 4%, the truck has a useful life of 5 years and no expected residual value at the end of the lease term. Prepare Blossom journal entries