Please, provide the calculation for each journal entry amount.

Blossom Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $ 30,536 at the beginning of each year. The first payment is received on January 1, 2020. Blossom had purchased the machine during 2019 for $ 124,000. Collectibility of lease payments by Blossom is probable. Blossom set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Blossom at the termination of the lease. Click here to view factor tables. (a) Your answer is correct. Compute the amount of the lease receivable. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places eg. 5,275.) Amount of the lease receivable $ 201,000 (b) Prepare all necessary journal entries for Blossom for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places eg. 5,275.) Date Account Titles and Explanation Debit Credit 1/1/20 (To record the lease) (To record the first lease payment) 12/31/20