The following facts pertain to a non-cancelable lease agreement between Blossom Leasing Company and Kingbird Company, a lessee May 1, 2020 $15,349.90 $6,000 5 years Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2020 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost Fair value of asset at May 1, 2020 Lessor's implicit rate Lessee's incremental borrowing rate 10 years $65,000 $76,000 496 49 The collectibility of the lease payments by Blossom is probable Click here to view factor tables (For calculation purposes, tase 5 decimal places as displayed in the factor table provided) (a) Discuss the nature of this lease to Kingbird. The nature of this lease to Kingbird is a V lease