At January $1,2024,$ sunset company leased restaurant equipment from Cedar corporation under a five$-$year lease in a finance lease. The lease agreement specifies annual payments of $$90,000$ beginning January $1,2024,$ the beginning of the lease, and at each December $31$ thereafter through $2027.$ The equipment was acquired recently by cedar and was expected to have a useful life of six years with no salvage value at the end of its life. Cedar seeks a $4\%$ return on its lease investments. The amount of lease liability reported in december $31,2024$ balance sheet by sunset would be