Braun Company acquired a piece of equipment from Tipper Company under a lease. The lease requires five annual lease payments of $25,000 with the first payment due when the lease begins, on January 1, 2017. Future lease payments are due on January 1 of each year of the lease term. The interest rate in the lease is 8%. What amount should Braun Company debit the equipment account on the date of acquisition. (Round answer to the nearest dollar). $107,803$112,650$99.818$82,803 Braun Company would not debit the equipment account because the equipment is being leased and not purchased