BBB Leasing purchased a machine for $430,000 and leased it to Jack Tupp Auto Repair on January 1, 2024. Lease description: Quarterly rental payments Lease term No residual value; no BPO Economic life of machine Implicit interest rate Fair value of asset $26,344 at beginning of each period 5 years (20 quarters) 5 years 9% $430,000 What is the balance in the lease payable account after the April 1, 2024, lease payment? Multiple Choice $386,394 $403.656 $420,918 $558,456