At January 1, 2021, Supreme Company leased restaurant equipment from Patty Corporation under a five-year lease agreement in a finance lease. The lease agreement specifies annual payments of $90,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2024. The equipment was acquired recently by Patty and was expected to have a useful life of six years with no salvage value at the end of its life. Patty seeks an 8% return on its lease investment The amount of lease liability reported on December 31, 2021 balance sheet would be: Present Value of Ordinary Annuity of Present Value of Annuity Due of $1 $1 Period 3% 6% 7% 8% 3% 6% 7% 8% 5 4.57971 4.21236 4.10020 3.99271 4.71710 4.46511 4.38721 4.31213 6 5.41719 4.91732 4.76654 4.62288 5.57971 5.21236 5.100204.99271 $210,618 $231,939 $244,275 $226,255