A municipality signs a three$-$year lease for construction equipment agreeing to make annual payments of $$200,000.$ Based on an interest rate of $4$ percent that is implicit in the agreement, the present value of liability is $$555,018.$

How much Other financing sources$-$leases should be recorded in Debt Service Fund at Year $3?$

$$555,018$

$$377,218\mathrm{.}72$

$$192,307\mathrm{.}47$

$$0$