At January 1, 2023, Tiger Company leased restaurant equipment from Best Corporation under a five-year lease agreement in a finance lease. The lease agreement specifies annual payments of $100,000 beginning January 1,2023 , the beginning of the lease, and at each December 31 thereafter through 2026. The equipment was acquired recently by Best and was expected to have a useful life of six years with no salvage value at the end of its life. Best seeks a 3% return on its lease investments. The amount of lease liability reported on December 31, 2023 balance sheet by Tiger would be: $283,204 $285801 $284,275