Bridgeport Limited has entered into an agreement to lease manufacturing equipment. The following terms are included in the lease:

Lease terms

$5$ years

Payments required monthly on the last day of the month

$$3\mathrm{.}619$

Leasing interest rate

$6\%/$ annum

Estimated useful life of equipment

$5$ years

PV of lease payments

$$187\mathrm{.}200$

The lease is entered into on January $1,2024.$ The equipment can be purchased for $$195,000.$ The company uses straight$-$line depreciation. Record the entry for the first lease payment on January $31,2024.$ What is the value of the outstanding lease liability on January $31,2024$