4. Aldridge Corporation leased a machine on December 31, 2018, for a three-year period. The lease agreement calls for annual payments in the amount of $28,050 on December 31 of each year beginning on December 31, 2018. Aldridge has the option to purchase the machine on December 31, 2021, for $6,435 when its fair value is expected to be $10,200. The appropriate interest rate for this lease is 10%. n/i PV of $1 PV, ordinary PV, annuity annuity due 1 period, 10% 90909 90909 1.00000 2 periods, 10% 82645 1.73554 1.90909 3 periods, 10% .75131 2.48685 2.73554 What is the amount to be recorded as a right-of-use asset and the associated lease payable