Ali Co. has signed a six-year lease contract to purchase an alligator shear on 1 July 2020, with the present value of $28,000,000 at the purchase date. ACC Co. must pay a 10% finance charge annually and a deposit of $3,000,000. $8,000,000 annual rents will be paid on 30 June for six years. Calculate the amount that should be recorded as the current liability in the Statement of Financial Position as at 30 June 2021.

A. $6,050,000

B. $19,500,000

C.$8,500,000

D. $13,450,000