$3$ User Company leased computer equipment from Owner Company on January $1,20$X$1.$ The computer equipment has an expected useful life of $15$ years with no expected salvage value. The terms of the lease require annual payments of $$10,000$ at the end of each year for $15$ years with the first payment being made on December $31,20x1.$ The interest rate used in computing the lease payments is $12\%$ compounded annually. User Company is accounting for this lease as an OPERATING lease.

What is the reported amount of the operating lease RIGHT$-$OF$-$USE ASSET in the balance sheet on December $31,201($the end of the FIRST year$)?$

Note: Round your calculations to the nearest dollar.