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Wildhorse Leasing Company leases a new machine to Blossom Corporation. The machine has a cost of $65,000 and fair value of $95,500. Under the 3-vear,

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Wildhorse Leasing Company leases a new machine to Blossom Corporation. The machine has a cost of $65,000 and fair value of \$95,500. Under the 3-vear, non-cancelable contract, Blossom will receive title to the machine at the end of the lease. The machine has a 3-year useful life and no residual value. The lease was signed on January 1, 2025. Wildhorse expects to earn an 8% return on its investment, and this implicit rate is known by Blossom. The annual rentals are payable on each December 31, beginning December 31. 2025 . Click here to view factor tables. (b) Prepare an amortization schedule that would be suitable for both the lessor and the lessee and that covers all the years involved (For calculation purposes, use 5 degimal places as displayed in the foctor table provided and round final answers to 0 decimal places e.8. 5,275.)

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