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The following facts pertain to a non-cancelable lease agreement between Kingbird Leasing Company and Blossom Company, a lessee. The collectibility of the lease payments by Kingbird is probable. Click here to view factor tables. Compute the amount of the lease receivable at commencement of the lease. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round answer to 2 decimal places, e.g. 5,275.15.) Lease receivable at commencement Prepare a lease amortization schedule for Kingbird for the 5 -year lease term. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round answers to 2 decimal places, e.g. 5,275.15.) Prepare the journal entries to reflect the signing of the lease agreement and to record the receipts and income relate and income related to this lease for the years 2025 and 2026. The lessor's accounting period ends on December 31. Reversing entries are not ug entries are not used by Kingbird. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is enteredn amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. Round answers tes. Round answers to 2 decimal places, eg. 5,275.15. Record journal entries in the order presented in the problem.)

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