Aura Industries purchased land by paying $39,000 cash on the purchase date and agreeing to pay $39,000 for each of the next nine years beginning one-year from the purchase date. Aura's incremental borrowing rate is 12%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) On the balance sheet as of the purchase date, after the initial $39,000 payment was made, the liability reported is closest to: Note: Use the appropriate factor(s) from the