Current Attempt in Progress Blossom Corp, which uses IFRS, signs non-renewable, non-cancellable lease agreement to lease robotic equipment from Cane Inc The following information concerns the lease agreement Inception date Fair value of equipment Jan 1, 2023 Economic life of leased equipment Annual rental payments starting

Jan 1, 2023 Option to purchase at the end of the term Depreciation method Residual value Blossom's incremental borrowing rate

January 1, 2023 $320,000 10%

Click here to view the factor table PRESENT VALUE OF AN ANAUMTY DUE. Using (1) factor tables, (2) a financial calculator, or (3) Excel functions. calculate the amount of the right of use asset and lease titles and enter Ofor the amounts) Queation har swere Jankany 1.2098 Janiary 1.2004 Prepare the journal entries on Blossom Corp.'s books to record the payments related to this lease for the years 2023 and 2024 as well as any adjusting journal entries at its fiscal year ends of December 31, 2023 and 2024. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Click here to view the factor table PRESENT VALUE OF AN ANAUMTY DUE. Using (1) factor tables, (2) a financial calculator, or (3) Excel functions. calculate the amount of the right of use asset and lease titles and enter Ofor the amounts) Queation har swere Jankany 1.2098 Janiary 1.2004 Prepare the journal entries on Blossom Corp.'s books to record the payments related to this lease for the years 2023 and 2024 as well as any adjusting journal entries at its fiscal year ends of December 31, 2023 and 2024. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)