110. Thompson Company leased equipment to Schilling Company on January 1,2025 . Five equal lease payments of $100,000 will be made on January 1 of each year. The first lease payment will be made on January 1, 2025. One of the lease terms is a guaranteed residual amount of $40,000. The residual expected by Schilling is $15,000. The lease meets the criteria of a finance lease. Schilling is not aware of Thompson's implicit interest rate and their incremental borrowing rate is 6%. What is the amount Schilling will record as the lease liability/right-of-use asset on January 1, 2025 before the first payment is made