Aura Industries purchased land by paying $31,000 cash on the purchase date and agreeing to pay $31,000 for each of the next six years beginning one- year from the purchase date. Aura's incremental borrowing rate is 12% (EV of $1. PV of $1, EVA of $1, and PVA of $1) On the balance sheet as of the purchase date, after the initial $31,000 payment was made, the liability reported is closest to: Note: Use the appropriate factor(s) from the tables provided. Multiple Choice $158,454. $127,454 $94,220. $186,000.