Blue Corporation entered into a finance lease to lease equipment from Highlander, Inc. on January 1, 2017. The lease calls for annual lease payments of $16,000, beginning on December 31, 2020 for each of the 5 years of the lease. In addition, Highlander, Inc. will pay Blue Corporation $3,800 as a cash incentive for entering the lease by January 1, 2020. In relation to the lease agreement, Blue incurred the following costs.

Commissions for selling agents		$700
Internal engineering costs		500
Legal fees resulting from the execution of the lease		3,200

If the value of the lease liability is $71,442, what amount will Blue record as the value of the right-of-use asset on January 1, 2017, at commencement of the lease?

Value of the right-of-use asset

$