Assume a firm enters into a finance lease on December 31, 2020. The lease liability at the inception of the lease is $52,000. The annual lease payment is $10,000, and the first payment is due immediately. Assuming an incremental borrowing rate of 6%, what is the lease liability on December 31, 2021? O $45,120 O $42,000 O $34,520 O $32,000 O $38,560