Ayayai Corporation entered into an operating lease to lease equipment from Highlander, Inc. on January 1, 2020. The lease calls for annual lease payments of $18,000, beginning on December 31, for each of the 5 years of the lease. In addition, Highlander, Inc. will pay Ayayai Corporation $3,200 as a cash incentive for entering the lease by December 31. In relation to the lease agreement, Ayayai incurred the following costs.

Commissions for selling agents		$800
Internal engineering costs		500
Legal fees resulting from the execution of the lease		2,800

Ayayais incremental borrowing rate is 5%. If the value of the lease liability is $81,827, what amount will Ayayai record as the value of the right-of-use asset on January 1, 2020, at commencement of the operating lease?

Value of the right-of-use asset = ?