please complete journal entries

Prepare all necessary journal entries for Blossom for 2025. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Round answers to 0 decimal places eg. 5,275. Record journal entries in the order presented in the problem.) Wildhorse Company, a machinery dealer, leased a machine to Blossom Corporation on January 1, 2025. The lease is for an 8-year period and requires equal annual payments of $33,300 at the beginning of each year. The first payment is received on January 1,2025. Wildhorse had purchased the machine during 2024 for $150,000. Collectibility of lease payments by Wildhorse is probable. Wildhorse set the annual rental to ensure a 7% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Wildhorse at the termination of the lease. Assume that Blossom Corporation does not know the rate implicit in the lease used by Wildhorse, and Blossom's incremental borrowing rate is 9%. In addition, assume that Blossom incurs initial direct costs of $13,000. Compute the amount of the lease liability and right-of-use asset for Blossom. (For calculation purposes, use 5 decimal places as displayed in the foctor toble provided and round final answers to 0 decimal places e. .5,275.) Lease liability Right-of-use asset (To record the lease) (To record the first lease payment) (To record interest expense) (To record amortization of the right-of-use asset)