BE 15-4 (Note: BE 15-4, 15-5, and 15-6 are three variations of the same basic situation. Finance lease A lease agreement that qualifies as a finance lease calls for annual lease payments of $26,269 over a six-year lessee ; balance lease term (also the asse's useful life), with the first payment at January 1, the beginning of the lease. The inter- sheet effects est rate is 5%. If the lessee's fiscal year is the calendar year, what would be the amount of the lease liability that LO15-2 the lessee would report in its balance sheet at the end of the first year ? What would be the interest payable